TEXAS RANGE
The Texas Range Investment Program (Texas Range) has been serving Texas’ local governments for more than 25 years and is proud to be a Platinum sponsor of GFOAT.
Given the financial challenges most local governments face, we believe it is important to consider how short-term cash balances can be managed efficiently. Texas Range offers four professionally managed investment options that can help investors make the most of their funds.
TexasDAILY and TexasDAILY Select are both daily liquidity options. While TexasDAILY invests in government securities only, TexasDAILY Select invests in the full range of Public Funds Investment Act (PFIA) permitted investments. Both options are ideal for operating funds, bond proceeds and reserve funds.
TexasTERM is a fixed-rate, fixed-maturity option ranging from 60 days to one year. The certificate of deposit (CD) purchase program offers CDs insured by the Federal Deposit Insurance Corporation (FDIC) with maturities ranging from 90 days to five years. These options are ideal for funds with known cash flows, such as liability matched funds, bond proceeds for capital projects, or excess liquidity not immediately needed.
Investors need options that are convenient to use and flexible depending on when they need their funds. The options available in Texas Range are meant to work together to help ensure funds are invested at all times. When a TexasTERM investment matures, for example, the principal and interest from that investment are swept into the investor’s liquid account, TexasDAILY or TexasDAILY Select, where they’re ready to be used to make a payment, or reinvested again in TexasTERM to a date chosen by the investor.
Texas Range was created by and for Texas local governments. The Program provides investment options tailored to the needs of Texas cities, school districts, counties and other public investors. The Texas Range portfolios seek to provide these investors with safety, liquidity, flexibility and obtaining competitive yields. For more information and important disclosures, please visit texas-range.com.
US BANK
Headquartered in Minneapolis, U.S. Bank National Association, the fifth-largest commercial bank in the United States. Our three major business lines serve 15 million clients globally, and our team of nearly 70,000 people invest our hearts and minds to power human potential every day. Ranked 110th on the Fortune 500, we are deeply respected for our culture and long-term stewardship and admired for our diversified business mix and product capabilities. U.S. Bank was founded in 1863 and has been recognized by Ethisphere as one of the world’s most ethical companies for the 12th consecutive year. Ninety percent of the Fortune 1000 companies choose to work with us.
We are the #1 corporate payment provider to the federal government and public sector, with 28 state programs and over 5,300 public sector clients nationwide . We manage more than 60% of the federal government’s spend. We provide comprehensive banking services to more than 400 institutions through our specialized higher education team and have thousands of higher education purchasing and travel programs. Our relationships include many large public university systems, as well as private universities and their related entities along with athletic programs and endowments.
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