Revision : 1
Record Description : Each business day, a packet is compiled that consists of various reports that the Trust Department uses to reconcile the Treasurer''s records of daily investment activities against records maintained by the bank that holds the state''s main account. Reports found in this packet include, but are not necessarily limited to, the following: Settlement of Trade Report shows trades, calls, or maturities that settled on the relevant business day. Holding and Transaction Exceptions Report compares Treasurer''s records with bank records and identifies any reporting discrepancies. The Retro Report shows amounts that swept the previous evening from investment accounts to the main account. Failed trade reports are sent each day by the bank and list any failed trades or lack thereof. Printouts from bank website of previous day activities for the main state bank account are used to reconcile what appears on the Settlement of Trade Report. Printouts of relevant emails are also included in the packet.