The state had $5.06 billion of cash at June 30, 2006. The state also had $5.03 billion of investments, including those held for others in Fiduciary Funds. The following charts show where the state's investments are held and the types of securities that have been purchased.

The State Treasurer is responsible for investing most of the state's cash and managing the related investments. For efficiency, and in order to increase investment yield, monies from the General Fund, state agencies and political subdivisions of the state on deposit with the Treasury are pooled for investment purposes. The Treasury Department invests the monies in accordance with statutorily prescribed objectives and standards. The Treasurer's Investment Pool totaled $4.7 billion at the end of Fiscal Year 2005-06. The average yield on the Pool's investments was four percent and the total interest income for Fiscal Year 2005-06 was $182.4 million.

For more information about state investments, visit the Investment Division section of the State Treasurer's website.