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Treasury Investment Board reports $40.9 million portfolio, $905,000 year-to-date income
Summary
At a brief meeting, the Treasury Investment Board was told its combined Huntington and Fifth Third portfolios totaled about $40.9 million at the end of the second quarter 2025 and had earned roughly $905,000 year-to-date; staff described recent moves into certificates of deposit and treasuries and a laddering strategy amid delayed Fed rate cuts.
The Treasury Investment Board heard a second-quarter 2025 investment report saying the board’s combined Huntington and Fifth Third accounts ended the quarter at just over $40,900,000 and that the portfolio has earned about $905,000 year-to-date, the Finance Director said.
The report matters because the portfolio’s interest income is a revenue source for the jurisdiction and staff has moved cash into longer-term instruments to lock in yield ahead of anticipated changes in the federal funds rate. The Finance Director said the board’s interest income as of June stands at 68% of the budget estimate.
Board mem…
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