Bank Of New York Appointed Custodian For State Of Idaho Treasurers Office

The Bank of New York Trust Company, a wholly owned subsidiary of The Bank of New York Company, Inc., has been appointed custodian for approximately USD 3 billion in assets for the State of Idaho Treasurer's Office. The Bank will

By None

The Bank of New York Trust Company, a wholly owned subsidiary of The Bank of New York Company, Inc., has been appointed custodian for approximately USD 3 billion in assets for the State of Idaho Treasurer’s Office. The Bank will provide custody services for the Treasurer’s operating accounts and its local government investment pool.

“The Bank of New York has a demonstrated ability to understand and respond to the specific requirements of public funds like ours,” says Ron G. Crane, the Idaho State Treasurer. “We look forward to building a long partnership with the Bank as it provides the high quality custodial and related securities services for which it is well-known.”

“As one of the largest securities services providers in the world, we have the experience and expertise to meet the unique needs of the State of Idaho,” adds Patrick E. Curtin, an executive vice president of investor services at The Bank of New York. “We will provide an integrated securities servicing solution that allows the Treasurer’s Office to fully focus on managing its assets and achieving its revenue projections.”

«