REPRESENTING
CHIEF FINANCIAL OFFICER
JEFF ATWATER
STATE OF FLORIDA
August 27, 2012
The Honorable Rick Scott
The Governor of Florida
Capitol Building, Plaza Level
Tallahassee, Florida 32399-0300
Dear Governor Scott:
In accordance with Chapter 17.54, Florida Statutes, I am pleased to submit to you the Annual
Report for the Division of Treasury for Fiscal Year 2011-2012.
Please let me know if you have any questions or would like additional information.
Sincerely,
Jeff Atwater
Jeff Atwater
Chief Financial Officer
JA/bhm
Enclosure
DEPARTMENT OF FINANCIAL SERVICES
THE CAPITOL, TALLAHASSEE, FLORIDA 32399-0301 • Tel. (850) 413-2850 Fax (850) 413-2950
ANNUAL REPORT 2012
Florida Department of Financial Services
Division of Treasury
The Chief Financial Officer is the constitutional officer with the fiduciary responsibility over the Division of Treasury (17.55
F.S.). As a core function of the Department of Financial Services, the Division of Treasury’s goals are to be effective stewards
of the operational monies and other financial assets of the State and to assist state employees with tools to help them prepare
for financial security during their retirement years (17.57 F.S.).
The Division of Treasury has three Bureaus:
•
•
•
The Bureau of Funds Management
The Bureau of Collateral Management; and
The Bureau of Deferred Compensation
The Bureau of Funds Management operates a cash management system to maximize investments by speeding
the flow of funds into the State Treasury. An emphasis on cash management consulting has identified potential cost
reductions and interest earning opportunities for state agencies. The Bureau also performs standard treasury functions;
such as, operating statewide deposit concentration, receipts, and payments posting systems. Additionally, the Bureau
manages a fixed income investment operation, the Treasury Investment Pool (Pool). The Pool consists of general revenue
and trust funds in the Treasury, as well as, funds of organizations participating in the Treasury Special Purpose Investment
Accounts (SPIA). SPIA is an optional investment program open to all entities established by the Florida Constitution/ Statute.
The Treasury Investment Pool utilizes a combination of short and intermediate term fixed income investment strategies.
The asset structure of the pool is designed to provide strong liquidity, preserve capital and provide excess returns to the
State. This is done through the use of short term, high-quality investments, as well as, additional investment income using
intermediate investments.
During the 2011-2012 fiscal year, the weighted average daily balance of investment holdings was $18.3 billion, an increase of
$274 million or approximately 1.5% from the prior year.
The Treasury was able to provide positive earnings each month for the 2011-2012 fiscal year. During this period, the
Treasury recognized interest earnings of $437 million. Interest earnings provide additional state resources and are a major
source of non-tax revenue.
The Bureau of Collateral Management is a centralized deposit location for specialized handling of regulatory
collateral deposits. Regulatory collateral deposits are required of various entities by state agencies as a condition of doing
business or acts of guarantee. Asset management staff is responsible for maintaining regulatory collateral deposits for 1,860
combined accounts that represent in excess of $12.3 billion dollars. Program administration staff is responsible for protecting
more than $21.8 billion in public funds deposited in 177 Qualified Public Depositories statewide. These deposits are protected
by more than $10.7 billion in pledged assets and a shared contingent liability managed by the Bureau. Due to the current
overall economy in the Florida financial industry, the Bureau continues to maintain an exceptionally high level of monitoring
of the state’s Qualified Public Depositories. Analysis and oversight is more frequent and more in depth than it has been in
the past. In the first 27 years of the program (1981-2008) there were three QPD failures. In calendar year 2009 there were
eight failures and in 2010 there were eighteen. In calendar year 2011 there were four failures, two of which had withdrawn
from the program before they failed. Each failed institution was collateralized in excess of their minimum requirement, each
was acquired by a new institution and all public deposits transferred to the new owners. Although we have not had a failure
since June of 2011 and there is an improving trend in the financial institution’s rankings, we continue a program of increased
monitoring to more accurately gauge the appropriate collateral requirements for these depository institutions.
The Bureau of Deferred Compensation manages the Deferred Compensation Program, a pre-tax investment
program designed to supplement state employees’ pension plans. The Deferred Compensation Program provides employees
of the State of Florida with tools to help them prepare for financial security during their retirement years. To achieve
this goal, the Bureau partners with investment vendors to offer excellent customer service and investment products
at a reasonable cost. The Bureau has made notable additions to their vendors’ investment portfolio and increased its
communication efforts to state employees. The Deferred Compensation Program has more than 80,000 accounts and total
assets over $2.7 billion.
Page 1
ANNUAL REPORT 2012
Florida Department of Financial Services
Division of Treasury
ITEMS OF SPECIAL INTEREST
ITEMS OF SPECIAL INTEREST
FISCAL YEAR 11-12
FISCAL
YEAR 11-12
ITEMS OF SPECIAL
INTEREST
FISCAL YEAR 11-12
INVESTMENT COST:
BALANCE JUNE 30, 2012
$18,580,902,693.07
INVESTMENT COST:
BALANCE JUNE
30, 2012
$18,580,902,693.07
PERCENT
OF INVESTMENTS
EARNING INTEREST AS OF JUNE 30, 2012
FOR:
PERCENT OFGENERAL
INVESTMENTS
EARNING
REVENUE
FUNDINTEREST AS OF JUNE 30, 2012 FOR:
TRUST FUNDS
GENERAL REVENUE FUND
SPECIAL PURPOSE INVESTMENT ACCOUNTS (SPIA)
TRUST FUNDS
SPECIAL PURPOSE INVESTMENT ACCOUNTS (SPIA)
INVESTMENTS BY TYPE (1)
(WEIGHTED AVERAGE DAILY BALANCES)
INVESTMENTS BY TYPE (1)
(WEIGHTED AVERAGE DAILY BALANCES)
CERTIFICATES OF DEPOSIT
BANKS
CERTIFICATES OF DEPOSIT
SAVINGS & LOANS
BANKS
SUBTOTAL
SAVINGS & LOANS
SUBTOTAL
INTERNAL LIQUIDITY SECURITIES
INTERNALLIQUIDITY
INTERMEDIATE
SECURITIES
INTERNAL
SECURITIES
INTERNALINTERMEDIATE
BRIDGE SECURITIES
INTERNAL
SECURITIES
INTERNAL BRIDGE SECURITIES
TOTAL INTERNAL SECURITIES
TOTALINTERNAL
INTERNALSECURITIES
INVESTMENTS
TOTAL
TOTAL INTERNAL INVESTMENTS
EXTERNAL MEDIUM TERM SECURITIES
EXTERNAL MEDIUM TERM SECURITIES
TOTAL EXTERNAL INVESTMENTS
TOTAL EXTERNAL INVESTMENTS
TOTAL INVESTMENTS
TOTAL INVESTMENTS
99 % OF TOTAL AVERAGE DAILY TREASURY FUNDS ARE INVESTED
99 % OF TOTAL AVERAGE DAILY TREASURY FUNDS ARE INVESTED
INTEREST EARNINGS
INTEREST EARNINGS
CERTIFICATES OF DEPOSIT
CERTIFICATES
OF DEPOSIT
INTERNAL LIQUIDITY
SECURITIES
INTERNAL
LIQUIDITY
SECURITIES
INTERNAL INTERMEDIATE
SECURITIES
INTERNAL
SECURITIES
INTERNALINTERMEDIATE
BRIDGE SECURITIES
INTERNAL BRIDGE SECURITIES
35.164%
29.618%
35.164%
35.218%
29.618%
35.218%
$801,161,748.63
105,680,054.64
$801,161,748.63
906,841,803.27
105,680,054.64
906,841,803.27
8,463,823,810.03
1,065,189,931.19
8,463,823,810.03
1,456,238,641.43
1,065,189,931.19
1,456,238,641.43
10,985,252,382.65
10,985,252,382.65
6,361,042,075.18
6,361,042,075.18
11,892,094,185.92
11,892,094,185.92
6,361,042,075.18
6,361,042,075.18
$18,253,136,261.10
$18,253,136,261.10
CASH
CASH
$17,375,993.99
$17,375,993.99
19,810,691.46
19,810,691.46
43,017,634.69
43,017,634.69
26,613,585.01
26,613,585.01
ACCRUAL
ACCRUAL
$16,141,732.79
$16,141,732.79
18,388,386.97
18,388,386.97
38,438,183.47
38,438,183.47
23,468,055.35
23,468,055.35
TOTAL INTERNAL INVESTMENTS
TOTAL INTERNAL INVESTMENTS
106,817,905.15
106,817,905.15
96,436,358.58
96,436,358.58
EXTERNAL MEDIUM TERM SECURITIES
EXTERNAL MEDIUM TERM SECURITIES
TOTAL EXTERNAL INVESTMENTS
TOTAL EXTERNAL INVESTMENTS
340,396,604.64
340,396,604.64
340,396,604.64
340,396,604.64
340,396,604.64
340,396,604.64
340,396,604.64
340,396,604.64
$447,214,509.79
$447,214,509.79
$436,832,963.22
$436,832,963.22
CASH
CASH
$111,351,801.64
$111,351,801.64
151,236,339.05
151,236,339.05
184,626,369.10
184,626,369.10
$447,214,509.79
$447,214,509.79
ACCRUAL
ACCRUAL
$110,462,383.75
$110,462,383.75
143,756,256.77
143,756,256.77
182,614,322.70
182,614,322.70
$436,832,963.22
$436,832,963.22
TOTAL INTEREST EARNINGS
TOTAL INTEREST EARNINGS
INTEREST
DISTRIBUTION
INTEREST DISTRIBUTION
GENERALFUND
FUND
GENERAL
TRUSTFUND
FUND
TRUST
SPECIALPURPOSE
PURPOSEINVESTMENT
INVESTMENTACCOUNT
ACCOUNT
(SPIA)
SPECIAL
(SPIA)
TOTAL
TOTAL
WEIGHTED
AVERAGEYIELDS
YIELDS(%)
(%)
WEIGHTED AVERAGE
CERTIFICATESOF
OFDEPOSIT
DEPOSIT
CERTIFICATES
INTERNALLIQUIDITY
LIQUIDITYSECURITIES
SECURITIES
INTERNAL
INTERNALINTERMEDIATE
INTERMEDIATESECURITIES
SECURITIES
INTERNAL
INTERNALBRIDGE
BRIDGESECURITIES
SECURITIES
INTERNAL
TOTAL
TOTALINTERNAL
INTERNALINVESTMENTS
INVESTMENTS
CASH
CASH
1.92%
1.92%
0.23%
0.23%
4.04%
4.04%
1.83%
1.83%
0.90%
0.90%
ACCRUAL
ACCRUAL
1.78%
1.78%
0.22%
0.22%
3.61%
3.61%
1.61%
1.61%
0.81%
0.81%
EXTERNAL
EXTERNALMEDIUM
MEDIUMTERM
TERMSECURITIES
SECURITIES
TOTAL
TOTALEXTERNAL
EXTERNALINVESTMENTS
INVESTMENTS
5.35%
5.35%
5.35%
5.35%
5.35%
5.35%
5.35%
5.35%
TOTAL
TOTALPORTFOLIO
PORTFOLIO
2.45%
2.45%
2.39%
2.39%
(1)
are
managed
byby
thethe
Treasury
Investment
Section.
(1) The
Thesecurities
securitiesclassified
classifiedasasinternal
internalinvestments
investments
are
managed
Treasury
Investment
Section.
The
management
firms
hired
by by
thethe
CFO's
Office.
The external
externalinvestments
investmentsare
aremanaged
managedbybyinvestment
investment
management
firms
hired
CFO's
Office.
Page 2
Page 3
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
TOTALS
81,480,132
TOTALS
MONTH
JULY
6,133,534
AUGUST
6,274,525
SEPTEMBER
6,351,027
OCTOBER
6,558,299
NOVEMBER
6,583,493
DECEMBER
7,323,647
JANUARY
6,886,140
FEBRUARY
6,469,006
MARCH
6,692,285
APRIL
7,764,614
MAY
6,932,770
JUNE
7,510,792
RECEIPTS
(in thousands) MONTH
0.00
80,813,362
6,359,387
7,364,008
6,488,023
6,292,897
7,234,575
6,712,938
6,359,944
7,135,906
6,139,290
6,467,356
7,886,244
6,372,794
81,480,132
6,133,534
6,274,525
6,351,027
6,558,299
6,583,493
7,323,647
6,886,140
6,469,006
6,692,285
7,764,614
6,932,770
7,510,792
666,77080,813,362
(225,853)6,359,387
(1,089,483)7,364,008
(136,996)6,488,023
265,4026,292,897
(651,082)7,234,575
610,7096,712,938
526,1966,359,944
(666,900)7,135,906
552,9956,139,290
1,297,2586,467,356
(953,474)7,886,244
1,137,9986,372,794
NET RECEIPTS OR (NET
DISBURSEMENTS)
DISBURSEMENTS
DISBURSEMENTS RECEIPTS
(in thousands) (in thousands)
(in thousands) (in thousands)
666,770
(225,853)
(1,089,483)
(136,996)
265,402
(651,082)
610,709
526,196
(666,900)
552,995
1,297,258
(953,474)
1,137,998
(in thousands)
NET RECEIPTS OR (NET
DISBURSEMENTS)
11,368,930,859.44
81,480,131,719.79
100,068,668,732.21
80,813,362,275.50
81,480,131,719.79
100,068,668,732.21
80,813,362,275.50
100,068,668,732.21
0.00
TOTAL THREE FUNDS
11,368,930,859.44
0.00 214,607,315.64
TOTAL THREE FUNDS
0.00
BUDGET
STABILIZATION
279,157,304.63
BUDGET STABILIZATION
0.00 279,157,304.63
214,607,315.64
56,803,629,380.87
97,567,013,176.75
72,006,398,615.49
56,803,629,380.879,373,683,133.85
97,567,013,176.75
72,006,398,615.49
82,637,554,157.05
GENERAL FUND
0.00
100,068,668,732.21
12,035,700,303.73
493,764,620.27
82,637,554,157.05
9,100,372,918.93
$17,431,114,575.16
$2,441,562,764.53
DIRECTDISBURSEMENTS RECEIPTSDISBURSEMENTS
BY
DISBURSEMENTSBALANCE PER
DISBURSEMENTS
RECEIPTSBY WARRANTS TRANSFERS
BY TRANSFERS
BY TRANSFERS BY WARRANTS TREASURY
TRUST
FUND
9,373,683,133.85
BALANCE RECEIPTS BY
June 30, 2011TRANSFERS
TRUST FUND
DIRECT
RECEIPTS
$
1,716,090,420.96
$24,676,502,338.92
$2,287,048,239.82
$8,806,963,660.01
$24,676,502,338.92
$2,287,048,239.82
$8,806,963,660.01
$17,431,114,575.16
$
BALANCE
June 30, 2011FUND NAME
GENERAL
FUND
1,716,090,420.96
FUND NAME
Division of Treasury
SUMMARY
OF FUNDS
OF DIVISION
OF TREASURY
RECEIPTS,
ANDJUNE
BALANCES
FOR THE FISCAL YEAR E
SUMMARY OF FUNDS OF DIVISION OF TREASURY
SHOWING
RECEIPTS,
DISBURSEMENTS,
ANDSHOWING
BALANCES
FOR THEDISBURSEMENTS,
FISCAL YEAR ENDED
30, 2012
SUMMARY OF FUNDS OF DIVISION OF TREASURY
SHOWING RECEIPTS, DISBURSEMENTS AND BALANCES
FOR THE FISCAL YEAR ENDED JUNE 30, 2012
Florida Department of Financial Services
ANNUAL REPORT 2012
ANNUAL REPORT 2012
Florida Department of Financial Services
Division of Treasury
STATEMENT
ASSETS AND
LIABILITIES
STATEMENT
OF OF
ASSETS
AND
LIABILITIES
ASSETS
June 30, 2012
Currency and Coins
June 30, 2011
$0.00
$300,000.00
Unemployment Compensation Investments
Due From U.S Treasury -Unemployment TF
(1)
$30,217,066.66
$68,128,132.17
Deferred Compensation Assets
(2)
2,718,020,888.99
2,628,812,977.50
Bank Accounts
(3)
Consolidated Revolving Account
(4)
(13,264,315.76)
35,535,100.20
785,317.99
353,388.20
$2,735,758,957.88
$2,733,129,598.07
951,600,000.00
703,100,000.00
17,629,302,693.07
16,937,893,579.05
Total Investments
$18,580,902,693.07
$17,640,993,579.05
Total Assets of the Division of Treasury
$21,316,661,650.95
$20,374,123,177.12
Total Cash, Receivables, and Other Assets
Certificates of Deposit
Securities
(6)
LIABILITIES
June 30, 2012
General Revenue Fund
Trust Fund
Budget Stabilization Fund
(7)
Total Three Funds
June 30, 2011
2,441,562,764.53
9,100,372,918.93
493,764,620.27
1,716,090,420.96
9,373,683,133.85
279,157,304.63
$12,035,700,303.73
$11,368,930,859.44
Interest Payable & Securities Liability
(8)
14,276,830.70
12,399,399.68
Due to Special Purpose Investment Accounts
(5)
6,547,878,309.54
6,363,626,552.30
Due to Deferred Compensation Participants
and/or Program
(2)
2,718,020,888.99
2,628,812,977.50
Due to Consolidated Revolving Account
Agency Participants
(4)
785,317.99
353,388.20
$21,316,661,650.95
$20,374,123,177.12
Total Liabilities of the Division of Treasury
Page 4
ANNUAL REPORT 2012
Florida Department of Financial Services
Division of Treasury
STATEMENT OF ASSETS AND LIABILITIES
STATEMENT OF ASSETS AND LIABILITIES continued
(1) Unemployment Trust Fund represents U.C. Benefit Funds invested by the Federal government and due from
STATEMENT OF ASSETS AND LIABILITIES continued
(2) Plan assets held in the Deferred Compensation Trust Fund for the exclusive benefit of participants and thei
Represents
Reconciled
Cash Balance"
$57,839,769.85
as of June 30, 2011, with receipted item
(1) Unemployment Trust Fund represents U.C. Benefit(3)
Funds
investedthe
by "Per
the Federal
government
and dueoffrom
the U.S. Treasury.
$135,750,193.06
and disbursed
items in transit
($148,611,897.31),
(2) Plan assets held in the Deferred Compensation Trust Fund
for the exclusive
benefit of participants
andoftheir
beneficiaries. which nets to ($12,861,704.25). The
the bank but as
have
not been
postedwith
to the
state ledger.
Total
(3) Represents the "Per Reconciled Cash Balance" of $67,102,166.84
of June
30, 2012,
receipted
items inThe
transit
of Bank Accounts figure does not include $1
clearing and\orwhich
revolving
outside theThese
Treasury.
$133,485,682.18 and disbursed items in transit of ($88,285,573.48),
nets accounts
to $45,200,108.70.
items have cleared
(4) The
due to
agency participants
in the
Consolidated
Revolving
Account
as of June 30, 2011, is $7,4
the bank but have not been posted to the state ledger.
Theamount
Total Bank
Accounts
figure does not
include
$12,503,018.47
held
in
$353,388.20
is in aAccounts
financial institution
account
$7,140,000.00
is invested in Special Purpose Investme
clearing and\or revolving accounts outside the Treasury.
The Total Bank
figure includes
postand
month
clearing of 14,657.48.
(5) Represents
the CFO's
Special
Purpose
Investment
Accounts held
the Treasury Investment Pool and inte
(4) The amount due to agency participants in the Consolidated
Revolving
Account
as of June
30, 2012,
is $8,309,317.99.
Ofinthis,
accounts. isThe
CFO'sinSpecial
are investments on behalf of state agencies w
$785,317.99 is in a financial institution account and $7,524,000
invested
SpecialPurpose
PurposeInvestment
InvestmentAccounts
Accounts.
(5) Represents the CFO's Special Purpose Investment Accounts
held
in the
Treasury Investment
Poolother
and statutorily
interest due
those
the CFO's
Cash
Concentration
System and
or to
constitutionally
created entities.
accounts. The CFO's Special Purpose Investment(6)
Accounts
arePurchased
investments
on behalf
state agencies
with funds outside
Includes
Interest
in theofamount
of $2,220,616.26.
the CFO's Cash Concentration System and other statutorily
or constitutionally
created
entities.
(7) Included
in the Trust Fund
Balance
is $5,144,823,903.72 earning interest for the benefit of Trust Funds; Un
(6) Includes Purchased Interest in the amount of $1,494,615.93.
Trust Fund balance of $68,128,132.17; and the remaining balance of $4,160,731,097.96 earning interest for
(7) Included in the Trust Fund Balance is $5,472,491,916.72
earning interest
for the benefit
of Trust
Funds;
Unemployment
(8) Represents
$8,109,119.68
in interest
not yet
receipted
to State Accounts and Securities Liability Cost of $4,
Trust Fund balance of $30,217,066.66; and the remaining
balance
of $3,597,663,935.55 earning interest for General Revenue.
settles
July 2011.
(8) Represents $7,107,846.32 in interest not yet receipted to State Accounts and Securities Liability Cost of $7,168,984.38 which
settles July 2012.
Note:
June 30, 2011
Note:
Total Market Value of all Investments
held by the Treasury
Total Market Value of all Investments
June 30, 2012
held by the Treasury
$18,917,117,540.58
June 30, 2011
$17,842,226,955.49
$17,842,226,955.49
Page 5
ANNUAL REPORT 2012
Florida Department of Financial Services
BUREAU OF COLLATERAL MANAGEMENT
Division of Treasury
Collateral in Custody Of, Pledged To, or Held By Custodians
BUREAU OF COLLATERAL MANAGEMENT
for the State Chief Financial Officer as of June 30, 2012
Collateral In Custody Of, Pledged To, or Held By Custodians
for the State Chief Financial Officer as of June 30, 2012
COLLATERAL IN CUSTODY OF CFO
STOCK
EDUCATION, Department of
Comptroller, Office of the.............................................................................................................. $1,124,600.53
Total Value of Stock .................................................................................................................................... $1,124,600.53
CASH
ENVIRONMENTAL PROTECTION, Department of
Waste Management, Division of................................................................................................. $3,115,477.66
FINANCIAL SERVICES Commission
Insurance Regulation, Office of................................................................................................. $205,704,846.66
FINANCIAL SERVICES, Department of
Agents and Agency Services, Division of.......................................................................................... $294,661.30
Treasury, Division of ................................................................................................................... $63,835,780.04
JACKSONVILLE Transportation Authority
Finance & Systems, Division of........................................................................................................ $349,260.86
PUBLIC SERVICE COMMISSION, Florida
Commission Clerk, Office of………...................................................................................................... $50,649.64
TRANSPORTATION, Department of
Comptroller, Office of.............................................................................................................. $716,863,060.78
Total Cash.............................................................................................................................................. $990,213,736.94
CERTIFICATES OF DEPOSIT
FINANCIAL SERVICES Commission
Page 6
ANNUAL REPORT 2012
Florida Department of Financial Services
Division of Treasury
BUREAU OF COLLATERAL MANAGEMENT
Collateral In Custody Of, Pledged To, or Held By Custodians
for the State Chief Financial Officer as of June 30, 2012
Total Cash.............................................................................................................................................. $990,213,736.94
CERTIFICATES OF DEPOSIT
FINANCIAL SERVICES Commission
Financial Regulation, Office of..................................................................................................... $1,780,000.00
Insurance Regulation, Office of.................................................................................................. $18,919,038.42
FINANCIAL SERVICES, Department of
Agents and Agency Services, Division of........................................................................................ $315,000.00
LOTTERY, Department of
General Accounting, Division of.................................................................................................. $2,004,475.28
Total Certificates of Deposit..................................................................................................................... $23,018,513.70
LETTERS OF CREDIT
FINANCIAL SERVICES Commission
Insurance Regulation, Office of ................................................................................................... $7,494,090.00
FINANCIAL SERVICES, Department of
Treasury, Division of.............................................................................................................. $2,033,585,274.00
Total Letters of Credit......................................................................................................................... $2,041,079,364.00
TOTAL COLLATERAL IN CUSTODY OF CFO
Stock........................................................................................................................................................ $1,124,600.53
Cash, Certificates of Deposit, Letters of Credit ……............................................................................. $3,054,311,614.64
COLLATERAL HELD BY CUSTODIANS
Page 7
ANNUAL
2012
TOTAL COLLATERAL INREPORT
CUSTODY OF CFO
Florida Department of Financial Services
Division of Treasury
Stock........................................................................................................................................................ $1,124,600.53
BUREAU
COLLATERAL MANAGEMENT
Cash, Certificates of Deposit, Letters
of CreditOF
…….............................................................................
$3,054,311,614.64
Collateral In Custody Of, Pledged To, or Held By Custodians
for the State Chief Financial Officer as of June 30, 2012
CUSTODIAL ACCOUNTS
(SECURITIES)
COLLATERAL
HELD BY CUSTODIANS
FINANCIAL
Commission
CUSTODIALSERVICES
ACCOUNTS
(SECURITIES)
Financial
Regulation,
Office of.................................................................................................. $37,726,706.41
FINANCIAL
SERVICES
Commission
Insurance
Regulation,Office
Officeof..................................................................................................
of............................................................................................... $622,174,267.75
Financial Regulation,
$37,726,706.41
FINANCIAL
SERVICES,
Department
of of............................................................................................... $622,174,267.75
Insurance
Regulation,
Office
Treasury,
Division
of.............................................................................................................
$8,599,865,160.57
FINANCIAL
SERVICES,
Department
of
Workers’
Division of..............................................................................................
$138,125.00
Treasury, Compensation,
Division of.............................................................................................................
$8,599,865,160.57
Total Custody
Accounts
(Book-entry)...............................................................................................
$9,259,904,259.73
Workers’
Compensation,
Division of..............................................................................................
$138,125.00
Total Custody Accounts (Book-entry)............................................................................................... $9,259,904,259.73
CUSTODIAL ACCOUNTS (CASH)
FINANCIAL
Commission
CUSTODIALSERVICES
ACCOUNTS
(CASH)
Financial
Regulation,
Office of......................................................................................................... $50,000.00
FINANCIAL
SERVICES
Commission
Financial Regulation, Office of......................................................................................................... $50,000.00
FINANCIAL SERVICES, Department of
Treasury,
Division
of..................................................................................................................
$15,000,000.00
FINANCIAL
SERVICES,
Department
of
Total Custody
Accounts
(Cash)............................................................................................................
$15,050,000.00
Treasury,
Division
of.................................................................................................................. $15,000,000.00
Total Custody Accounts (Cash)............................................................................................................ $15,050,000.00
TOTAL COLLATERAL HELD BY CUSTODIANS
Custodial
Accounts............................................................................................................................
$9,274,954,259.73
TOTAL COLLATERAL
HELD BY CUSTODIANS
Custodial Accounts............................................................................................................................ $9,274,954,259.73
GRAND TOTALS OF COLLATERAL IN CUSTODY OF, PLEDGED TO,
OR HELD BY CUSTODIANS FOR THE STATE CHIEF FINANCIAL OFFICER
GRAND TOTALS OF COLLATERAL IN CUSTODY OF, PLEDGED TO,
GRAND
(STOCK).............................................................................................................................
$1,124,600.53
OR HELDTOTAL
BY CUSTODIANS
FOR THE STATE CHIEF FINANCIAL OFFICER
GRAND TOTAL (ALL
OTHER) ............................................................................................................. $12,329,265,874.37
(STOCK).............................................................................................................................
$1,124,600.53
GRAND TOTAL (ALL OTHER) ............................................................................................................. $12,329,265,874.37 Page 8