Trumbull County advisory committee accepts second-quarter investment report; no CD activity noted

The Trumbull County Investment Advisory Committee on July 30 accepted the county treasurer's second-quarter 2025 investment report and discussed depository-agreement requirements and options for future investments.

Chief Deputy Gerhardt of the Treasurer's Office presented the report and told the committee that "there was approximately $139,000,000 invested," and that the treasurer's office would focus its review on certificates of deposit and securities during the meeting. Gerhardt said the treasurer's office recorded $179,537.50 in securities interest processed during the quarter and that no CD interest or CD purchases occurred in the period.

Why it matters: The committee provides oversight of how county funds are held and invested. The report outlines recent maturities, new purchases and revenue expectations that affect the treasurer's 2025 interest-revenue estimate and choices about short-term cash placement.

The presentation summarized yield context and recent market moves. Gerhardt reviewed the Federal Open Market Committee's effective federal funds range, which she said has been unchanged since December 2024 at 4.25%–4.5%. She also reviewed Star Ohio overnight yield history: June 2024 at 5.45%; Sept. 30, 2024 at 5.08%; Dec. 2024 at 4.60%; Q1 2025 at 4.48%;…