News Releases - March 2019

Treasurer Torsella Launches Keystone Scholars Statewide

Philadelphia, PA – Pennsylvania Treasurer Joe Torsella today was joined by Governor Tom Wolf, Philadelphia Mayor Jim Kenney and Senators Vincent Hughes and John Gordner for the statewide launch of Keystone Scholars. Keystone Scholars grants $100 to every child born or adopted to a Pennsylvania family, on or after January 1, 2019, to be used for future postsecondary education expenses.

Treasurer Torsella Files Court Documents in Alleged Bond Manipulation Scheme

Harrisburg, PA – Pennsylvania Treasurer Joe Torsella today announced that his office has initiated a class action in the United States District Court for the Southern District of New York against sixteen financial institutions, including Deutsche Bank, Bank of America and Barclays Bank, for allegedly conspiring to fix the prices of bonds issued ...

Treasurer Torsella Authorizes $650 Million Short-Term Loan

Harrisburg, PA – Pennsylvania Treasurer Joe Torsella today announced the authorization of an $800 million line of credit from Treasury’s Short Term Investment Pool (STIP) to the General Fund, expiring within 23 days, to ensure adequate liquidity in the General Fund and the ability of the Commonwealth to meet its expenditure needs. The Treasurer and Auditor General both signed off on the line of credit. An initial draw of $650 million on the line of credit was made on Thursday.