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Arkansas treasury reports $93 million in Q2 investment earnings; board raises book-return target
Summary
At a State Board of Finance meeting, Treasurer Larry Walman and investment staff said the state’s portfolio topped $11 billion with $93 million in second-quarter earnings; the board voted to raise the target book-return range for Jan–Mar 2024 to 3.30%–3.40%.
Treasurer Larry Walman told the State Board of Finance that the Arkansas Treasury portfolio now exceeds $11 billion and that the office recorded $93,000,000 in investment earnings for the second fiscal-quarter. "Safety of our money is the primary focus of the treasury," Walman said, adding that liquidity is the second priority and return third.
The update came during a presentation by Steven Fieldmore, director of investment accounting, who detailed recent yield trends and accounting measures. Fieldmore reported a…
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