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In this capacity, the state treasurer receives payments made to the state, accounts for and manages the state's cash flows, and disburses public monies in redemption of warrants drawn by state agencies. [6] [7] [8] The state treasurer is also responsible for issuing, registering, and servicing Washington State's $22.4 billion in outstanding debt.
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As State Treasurer, Murphy was one of ten voting members of the Washington State Investment Board, served as chair for the Board's Audit Committee, and was also a member of the Board's Private Markets Committee. He also chaired the State Finance Committee, which oversees the issuance and management of the state's debt. [4]
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Michael John Pellicciotti [1] (born July 17, 1978) [2] [3] is an American attorney and politician who has served as the 24th Washington State Treasurer since 2021. He previously served as a Democratic member of the Washington House of Representatives for the 30th legislative district, which includes Federal Way, Algona, Auburn, Pacific, Milton, and Des Moines from 2017 to 2021.
Principal operations were conducted in Washington, D.C. and Parkersburg, West Virginia. Additionally, Federal Reserve Banks, acting as Treasury's fiscal agents, operate critical systems in support of Public Debt Programs and perform a variety of processing and customer service functions in marketable and savings securities.
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