Make us your home page
Instagram

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

Chart: Update on agencies in west-central Florida

Starting in November 2007, hundreds of nervous local government agencies began withdrawing money from the State Board of Administration's local government investment pool.

Below is an update on agencies in west-central Florida.




Local agency Status of funds in Local Government Investment Pool Where their money is now
Pinellas County Commission and County Clerk Withdrew $291.7-million. About $2.9-million remaining. Withdraws funds whenever possible. BB&T, Wachovia money market accounts, Wachovia Public Funds checking and securities backed by the U.S. government. .
Pinellas County Schools Withdrew $19.8-million. About $14.1-million remaining. Have unrealized loss of $505,653. Morgan Stanley money market and several other accounts.
Clearwater Does not invest in SBA. Bank of America interest bearing checking account.
Largo Withdrew $31-million. About $105,000 remaining. Bank certificate of deposits, investments in U.S. treasuries and securities backed by the U.S. government.
St. Petersburg Withdrew $111-million. About $322,400 remaining. Wrote off about $30,000 in losses and could take additional $60,000 loss. $44.5-million in a Colombia Management Strategic money market. Other funds in money market accounts with Morgan Stanley, AIM, and Fidelity.
Hillsborough County Commission Withdrew $461.4-million. $422.7-million remaining. As of March 31 booked paper loss of $8.8-million. Bank accounts, money market accounts, corporate notes, U.S. treasuries and securities backed by the U.S. government. .
Hillsborough County Schools Withdrew $225.7-million. $371.8-million remaining. As of June 30 paper loss was $2.8-million. Wachovia and BB&T.
Tampa Does not invest in SBA. U.S. treasuries and securities backed by the U.S. government.
Pasco County Commission Withdrew $334.1-million. $174.8-million remaining. Federated money market fund operated by SunTrust Bank.
Hernando County Commission and County Clerk Withdrew $43.9-million. $2.1-million remaining. Bank accounts, money market funds and investments in U.S. treasuries and securities backed by the U.S. government.

Chart: Update on agencies in west-central Florida 11/14/08 [Last modified: Tuesday, November 18, 2008 7:37pm]
Photo reprints | Article reprints

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Study: Tampa Bay a top market for homebuyers on the move

    Real Estate

    The Tampa Bay area is among the top markets for homebuyers who are likely to move in the next few months, ATTOM Data Solutions says.

    The Tampa Bay area is among the top markets for homebuyers who are likely to move in the next few months, a survey found.
[Associated Press file photo]
  2. Tampa lawyer Fred Ridley to be new chairman of Augusta National, Masters' home (w/ video)

    Golf

    AUGUSTA, Ga. — Fred Ridley first came to Augusta National to compete in the 1976 Masters as the U.S. Amateur champion, and he played the opening round in the traditional pairing with the defending champion, Jack Nicklaus.

  3. Rays send down Chase Whitley, Andrew Kittredge; add Chih-Wei Hu, acitvate Alex Cobb

    Blogs

    After having to cover more than five innings following a short start by Austin Pruitt, the Rays shuffled their bullpen following Wednesday's game, sending down RHPs Chase Whitley and Andrew Kittredge,

    The Kittredge move was expected, as he was summoned to add depth to the pen Wednesday in advance of RHP Alex …

  4. MLB commissioner Rob Manfred moves closer to wanting a decision on Rays stadium

    The Heater

    ST. PETERSBURG — Major League Baseball commissioner Rob Manfred called Wednesday for urgency from Tampa Bay area government leaders to prioritize and move quicker on plans for a new Rays stadium.

    MLB Commissioner Rob Manfred talks with reporters at Tropicana Field in St. Petersburg, Fla. on Wednesday, Aug. 23, 2017.
  5. Six home runs doom Rays in loss to Blue Jays (w/video)

    The Heater

    ST. PETERSBURG — A curve that didn't bounce was the difference Wednesday as the Rays lost 7-6 to the Blue Jays in front of 8,264, the smallest Tropicana field crowd since Sept. 5, 2006.

    Tampa Bay Rays shortstop Adeiny Hechavarria (11) greets center fielder Kevin Kiermaier (39) at the plate after his two run home run in the third inning of the game between the Toronto Blue Jays and the Tampa Bay Rays at Tropicana Field in St. Petersburg, Fla. on Wednesday, Aug. 23, 2017.