tailieunhanh - KEN MILLER OKLAHOMA STATE TREASURER - Investment Policy

The first signs of future change are already appar- ent for both the regional savings banks and their local savings companies. Thus concrete indications already suggest that the number of regional sav- ings banks will decline further in the near future as a result of mergers. This is because the business area of some savings banks is likely to be too lim- ited for them to achieve satisfactory operating results in the long term in a tougher and increas- ingly international competitive climate. It is conse- quently realistic to assume that the present num- ber of savings banks, namely 34, will be pruned to between only 20 and 25 large ones after. | Ken Miller Okjlajheonta. State Treasurer Investment Policy June 307 2011 Ken Miller Oklahoma State Treasurer Investment Policy June 30 2011 1. Mission Statement It is the policy of the State Treasurer to invest public funds in a manner which will provide the maximum security with the best investment return while meeting the daily cash flow demands of the State and conforming to all state statutes governing the investment of public funds. The investment process will be carried out through competition proper oversight and financial safeguards. 2. Scope This investment policy applies to all funds of the State entrusted to the State Treasurer by specific statutory authority. This policy also applies to the investments of state agencies when they request that the State Treasurer act as their agent. Only investment transactions included in the list of Authorized Investments Section 9 are covered by this policy. These funds are accounted for in the Audited Annual Financial Report and include Funds Included General Fund Trust and Agency Funds Capital Projects Permanent Funds Investments on behalf of Permanent funds are included in this policy to the extent that the investing entity has requested that the State Treasurer act as their agent and the investment is included in the list of Authorized Investments Section 9 . Investment Policy Office of the State Treasurer Page 1 of 13 Funds Excluded from this Policy As noted above certain State agencies have specific statutory investment authority and their own investment objectives. These agencies have adopted their own investment policies accordingly these funds are excluded from this policy Permanent Funds Pension Trust Funds Investments on behalf of Permanent funds are excluded from this policy to the extent that the investing entity has requested that the State Treasurer act as their agent and the investment is not included in the list of Authorized Investments Section 9 . 3. .

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