Banking services are provided exclusively to public administrations and certain public universities. Short-term investment activities are available to governments, public universities, and local and tribal governments. Under state law, the Ministry of Finance does not provide these services directly to members of the public. (f) States shall include the results of the declassification procedure in the agreement between the Ministry of Finance and the States for programmes for which the date of mobilization is based on declassification schemes. In the case of programs where the timing of drawdowns is not based on clearance models, the results of the clearance-pattern process may be accompanied by the annual report required under paragraph 205.26. Supporting documents must be kept by the State for three years. Thank you for your interest in banking and cash management services with the Treasury. The State Treasurer is responsible for the bank and cash management of the State. The CMIA requires an annual Treasury State Agreement (TSA) between the Treasury Department, the Financial Management Service and the Washington State Office of Financial Management. The TSA covers federal programs that meet the funding threshold set each year and defines procedures and requirements for transferring funds. These procedures require the state to calculate federal and state interest obligations at the treasury bill rate for covered programs and report the liabilities annually to the federal government.
Any interest due by the State in the preceding financial year shall be due to the Confederation by 31 March of the following financial year at the latest. (e) the provisions of the Federal Programme Agency, which require a comparison between estimates and actual expenditures, may be included in an agreement between the Treasury and the State. . . .