News Releases - July 2023

Treasurer Stacy Garrity, Carbon County Officials Announce Return of $5,000 in Unclaimed Property to Carbon County

Treasurer Stacy Garrity, Carbon County Officials Announce Return of $5,000 in Unclaimed Property to Carbon County


Jim Thorpe, PA - Pennsylvania Treasurer Stacy Garrity, County Commissioner Chairman Wayne E. Nothstein and Carbon County Recorder of Deeds Donna L. Gentile today announced the return of more than $5,000 in unclaimed property to the county. Senator David Argall (R-29), Representative Doyle Heffley (R-122), and Carbon County Commissioners Rocky C. Ahner and Chris L. Lukasevich also took part in today’s check presentation.


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Treasurer Stacy Garrity Announces Highest Rating for INVEST Program Benefiting Local Governments and Nonprofits

INVEST, with $1.3 billion in assets, receives ‘AAAm’ rating from S&P Global Ratings


Harrisburg, PA - Pennsylvania Treasurer Stacy Garrity announced today that Treasury’s INVEST Program – an investment tool designed for local government agencies and nonprofit organizations – has again received the highest credit rating possible, AAAm, from Standard & Poor’s Global Ratings (S&P).


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Pennsylvania Treasurer Stacy Garrity Announces Release of Antitrust Compliance Report for GSE Bond Market

Meet-and-confers with banks following price-fixing settlement led to unprecedented state review of national GSE market conduct


Harrisburg, PA - Pennsylvania Treasurer Stacy Garrity today announced that a final report containing detailed compliance recommendations and best practice considerations designed to prevent antitrust violations by large banks has been filed with the U.S. District Court for the Southern District of New York as part of settlement agreements in a 2019 government-sponsored enterprise (“GSE”) bond price-fixing class action lawsuit filed and led by the Pennsylvania Treasury Department (“Treasury”). The suit alleged that 16 large banks manipulated prices of GSE bonds, damaging institutional investors nationwide.