commercial banks in the united states

State Treasury of the United States – A Snapshot

State treasuries serve as the state banks, but also manage state money, and therefore play a vital role in its overall economic success. Universal among the states of Alabama, Kentucky, Illinois, New York and Michigan is the role of treasurer and attitudes in university education. Each department functions to invest state funds in order to maximize profits, thus increasing their income so that the public can be better cared for. Each state has an unclaimed property fund to help reach the lost items to their owners, and each state has a savings program implemented to assist parents in saving for the education of their children. Below is a brief description of some of the most interesting and information about each state:

Treasury of the State of Alabama

* Prepaid Affordable College Tuition Program (PACT): This investment plan helps families by allowing them to acquire a pre-paid to 135 semester hours of undergraduate studies in any college or university in the country * Security for Alabama Funds Enhancement (SAFE): This program involves banks in securing their own funds, requiring them to pledge collateral to the Treasury Department's asset guarantee

Treasury of the State of Kentucky

* Treasurer's position was first created by the State Constitution in 1792, are elected every four years and act as fiscal agent elected head * KEES Program: This is a lottery program created to raise money to send high school graduates to college * Kentucky Teachers' Retirement System: Oversees the pensions and savings of teachers

Illinois State Treasury

* Agriculture and Agriculture Alternative Loan Program: Offered to farmers and agriculture experts who produce alternative products, such as grapes, strawberries, or hydroponically grown food. Also for those who are on the Christmas tree growing, fish farming or wine making business * Bank in school: This program helps children primary school learn the basics of money management association of a local bank with a school to run a school bank.

State New York Treasury

* Linked deposit Program: This program was started to promote small businesses in the state to invest. Banks offer a interest rate 2-3% lower in loans * International Fuel Tax Project Agreement: The scheme simplifies how commercial motor carriers report their taxes fuel use. With this plan you can buy a license that can be used in all IFTA jurisdictions.

Treasury of the State of Michigan

* Passive snuff Settlement of asset-backed bonds: the income from the sale of these bonds is used to purchase income and snuff products are deposited in the 21st Century Jobs Trust Fund to create more high-tech jobs. * Michigan Municipal Bond Authority (MMBA): Established in 1985 to give schools and other areas of government different funding source to use for certain projects

Oakwood Bank