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The Treasury Management Conference features five
concurrent tracks, allowing participants to choose the sessions that
interest them. Session materials are available for download, arranged by
track:
Banking, Cash Management & Investments,
College Savings,
Debt Management,
Financial Literacy, and
Unclaimed Property.
Banking, Cash Management & Investments
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Fiscal Health of the States
The U.S. economy appears to be on the rebound, but states
continue to feel the impact of the recession. To begin the
conference, this session will offer an analysis of current
economic indicators and predictions for what public officials
should expect in the coming months. It will also address state
budget trends, including ways that the states have dealt with
shortfalls. Federal stimulus aid has been an important infusion
of funds in the current fiscal year and as this source of relief
begins to phase out, many states are working to close gaps for
next year. Successfully balancing budgets is important to
maintaining good credit ratings and, by extension, access to
affordable capital.
Moderator:
Hon. Manju Ganeriwala,
Virginia State Treasurer
Speakers:
David Wyss,
Chief Economist, Standard & Poor’s
Brian Sigritz,
Director of State Fiscal Studies, National Association of State
Budget Officers
Nick Samuels, Vice President, Senior
Analyst, Moody's Investors Service
eGovernment for Benefits Payments
and SDU’s
In the current economic environment
the criticality of expedited delivery of benefits to the
intended recipient has become one of the key elements in
supporting individuals and families. Unemployment
levels continue to rise. Costs associated with the
administration of the program must be carefully
controlled to maximize efficiencies and economies of
scale. The movement from paper to electronic
methods for disbursing benefits has leapt to an all-time
high. This interactive, informative session
focuses on key programs including unemployment
insurance, child support, child care, welfare and how
State’s can help reduce administrative costs associated
with paper programs, while increasing productivity,
security and reducing fraud.
Moderator:
Jeb Spaulding, Vermont State Treasurer
Speakers:
Hon. Shane Osborn,
Nebraska State Treasurer
Laura
Secondo,
SVP, Senior Program Director Strategic Sales,
Bank of America Merrill Lynch
Nizam Antoo, Senior Business Leader, Corporate
Incentive/Government, Visa
Infrastructure Investing
Infrastructure investing has burst
onto the scene as an important state, local and national
priority. Billions have been raised in new funds seeking
such investments. Hear from experts that have been
making such investments long before they became front
page news. Implications range from diversifying effects
on pension portfolios to the impact on local jobs.
Moderator:
Ron Crane, Idaho State Treasurer
Speaker:
Rick
Byers, Executive Vice President, Borealis
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Transition Management
One thing is inevitable: pension funds
will need to make significant changes to their
investments, their thinking, and their risk management
process in order to ensure a more stable future. This
discussion will focus on the basics of transition
management, how it can be beneficial to plan sponsors,
how transition management platforms differ and how staff
can evaluate, engage and assesses different
counterparties.
Moderator:
Ron Crane, Idaho State Treasurer
Speaker:
Sarah
Kirschbaum,
Director,
Transition Management, Citi
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Liquidity Management Reforms and Their Impact on Public Funds
Since the liquidity crisis of 2008,
new steps have been taken to assure the protection of
public funds, including more stringent controls in
credit analysis and tighter maturity dates to reinforce
the importance of safety and liquidity in portfolios. In
this session we’ll discuss the new money markets
and their impact on public finance.
Moderator:
Nancy Kopp, Maryland State Treasurer
Speaker:
Deborah Cunningham,
CFA, Chief Investment Officer & Executive
Vice President, Taxable Money Markets, Federated
Investors
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Federal Reserve Bank Payments Update
The payments landscape has
evolved dramatically in the new millennium. The
successful rollout of Check 21 alongside other major
payment initiatives over the last decade has completely
changed the world of payments processing. Join us as we
take a look back to examine how the industry has
changed, along with a discussion of future processing
initiatives in both Check and ACH.
Moderator:
Manju Ganeriwala, Virginia State Treasurer
Speaker:
Robb Woldman, Senior Account Officer, Federal Reserve Bank of San
Francisco
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Securities Lending: Industry Update, Routes to Market and Risks & Returns
With many options available to
Treasurers today, expand your knowledge of securities
lending as well as the risks and returns involved.
-
Traditional - OTC
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Auction-based models
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Portfolio exclusives
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CCP models
Moderator:
Richard Mourdock, Indiana State
Treasurer
Speakers:
Gregory W.
DePetris, Co-founder, Quadriserv
Joshua M.
Lavender, Executive Director, J.P. Morgan Securities
Lending
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Regulatory Changes
With potential changes on the horizon
from regulatory agencies and Congress it can be a
daunting task keeping up to date with it all. This
session will give an overview of the regulatory and
legislative landscape, as well as important issues that
affect state treasuries.
Moderator:
Manju Ganeriwala, Wisconsin State Treasurer
Speakers:
Stefan Gavell,
Executive
Vice President and Head of Regulatory and Industry
Affairs,
State Street Corporation
Susan Hirschmann, Partner,
Williams & Jensen
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Best Practices, Treasury Investment Pools
Case Study: West
Virginia Short-Term Bond Pool
Join us for a frank, practical
discussion of what works—and, just as important, what
doesn’t—with respect to the day-to-day management,
servicing and marketing of public funds portfolios.
While no two states are alike in terms of how they
structure and service public funds, a look at the West
Virginia experience shows how a fresh approach to
current practices, and the adoption of even minor
modifications to management and servicing, can impact
the success of virtually any state pool.
Moderator: W. Daniel
Ebersole, Georgia State Treasurer
Speakers:
Amy
Michaliszyn,
Senior Vice President,
Federated Securities Corp.
Kara Brewer, Chief
Financial Officer, West Virginia Board of Treasury
Investments
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Managing Risk
With 2010 being another bumpy economic
year, it is important as ever to be diligent and
innovative in how states manage their risk while still
striving for a fair return for that risk. Join this
discussion about how to responsibly manage the risk of
your banking operations.
Moderator:
Richard Ellis, Utah State Treasurer
Speakers:
David Damschen, Chief Deputy Treasurer, Utah
State Treasury
Chris Karlin, Senior Vice President and
Director of the Government and Nonprofits Banking
Division, U. S. Bank
Sherrie Vogt,
Vice President and Government Banking Relationship
Manager, U.S. Bank
Sean Whalen,
Treasury Management Consultant, U.S. Bank
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College Savings
Federal Initiatives and Washington DC 101
Learn about CSPN's federal legislative priorities and receive an
update on the issues. In addition, you will learn how Washington
works in a "nuts and bolts" hands-on session so that every CSPN
member will be an effective advocate for the families of our
states and our plans.
Moderator: Hon. W. Daniel Ebersole, Georgia State
Treasurer
Speaker:
Susan Hirschmann, Partner,
Williams & Jensen
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State of the States
This session has become a CSPN tradition and offers an
opportunity to share insights, innovations and news with your
colleagues. Each year, the program committee uses a survey
instrument to gather information about program initiatives,
changes and lessons learned, and we will use this session to
share that information and learn about new ideas as we all work
to bring the best possible college savings and prepaid plans to
families in our state.
Moderator: Chuck Penuel,
Director, Georgia Path2College 529 Plan
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Becoming College Savings "Thought Leaders"
Thought
leaders are those who have an influence on how people think
about an issue or situation. Thought leaders are looked to for
credible information and respected for their insight. Earning
that designation requires CSPN to provide a high level of
recognized value to the media and its target audiences. CSPN's
newly engaged public relations firm will share the 2010-11
communications plan designed to heighten CSPN's visibility and
credibility as the unbiased authority on saving for college with
Section 529 plans.
Moderator: Betty Lochner,
Director, Washington Guaranteed Education Tuition
Speakers:
Jennifer McQuiston, Senior Account
Executive, Fahlgren Mortine Public Relations
Carol Merry,
Vice President, Fahlgren Mortine Public Relations
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Mastering Your Message and the Media (Media
Training)
A senior communications counselor will lead an interactive
session designed to help CSPN members be more confident and
comfortable when dealing with the media's difficult questions.
Participants will leave this session with a good understanding
of the needs and expectations of media reporters, the importance
of preparation for media interviews, experience in crafting and
delivering key messages during a media interview and how social
media accelerates and magnifies both positive and negative
messages.
Moderator: Joan Marshall, Executive
Director, College Savings Plans of Maryland
Speakers:
Carol Merry, Vice President, Fahlgren Mortine Public
Relations
Jennifer McQuiston, Senior Account
Executive, Fahlgren Mortine Public Relations
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Social Media
Participate in this real-time virtual social media session and
experience first-hand how 529 plans can leverage social
networking to attract and retain customers while managing the
risk associated with this medium. Learn about the regulatory
issues surrounding the use of social media in the financial
services industry and gain tips and hints from a social media
marketing expert to help maximize the potential of this channel.
Moderator: Jodi Golden, Executive Director,
Indiana Education Savings Authority
Speakers:
Pete Codella, Chief Executive Officer, Codella Marketing
Jennifer McQuiston, Senior Account Executive, Fahlgren
Mortine Public Relations
Tom Pappas, Vice
President and Director, Advertising Regulation, Financial
Industry Regulatory Authority
Suzanne Rohler,
Director of Communications and Marketing, Virginia College
Savings Plan
Michelle
Rappa, Senior Marketing Consultant to College Savings Plan
Mississippi
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Financial Literacy and Saving
For Higher Education
This panel brings together varied perspectives and hard data to
investigate how a downward trend in financial literacy among
young students directly impacts their ability to properly save
and plan for higher education. The panel will discuss the gap in
understanding between the real and perceived cost of higher
education, available means to fill that gap, and steps that can
be taken to better prepare our youth for the financial realities
associated with education beyond high school.
Moderator: Liz Robinson, Vice President,
Marketing, Upromise Investments, Inc.
Speakers:
Jim Boyle, President, College Parents of America
Margaret Clancy, Policy Director and College Savings
Initiative Director, Center for Social Development
Debbie
DeMuth, Chief Executive Officer, Colorado CollegeInvest
Dan Domenech, Executive Director, American Association of
School Administrators
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Assessing 529 Investments
This panel will explore the pros and cons of open architecture
or multi-manager 529 programs, including a discussion on how
plans balance the convenience of programs that are 100% invested
in a particular fund family against the possibility that returns
in some asset classes may not be optimized as a result of the
restriction to a single fund family. The topic will be addressed
by state administrators, investment professionals, and from a
sales perspective as well. The panel may also address
performance reporting issues such as how to establish industry
benchmarks, it at all, and the possibility of achieving such
standardization.
Moderator:
Andrea Feirstein,
Managing Director, AKF Consulting Group
Speakers:
Rachel Biar, Assistant Treasurer, College Savings
Program, Nebraska State Treasury
Jeremy Thiessen,
Principal, Pension Consulting Alliance
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Leveraging the Professional Community
One of the biggest challenges the 529 industry faces
is the generally low level of awareness of the benefits of 529
college savings plans across our states. A panel of
professionals, including from the accounting and investment
fields, will offer a fresh perspective and underscore the
importance of looking beyond the traditional distribution
channels, providing benefits to both the direct- and advisor-
programs. This panel will discuss the value and/or role that the
professional community can play in raising awareness and
promoting the usage of 529 plans by sharing how they use them as
a tool for holistic financial planning and to deepen their
relationships with their clients. Finally, the panel members
will provide unique insights including the successes and
challenges they face as they sell 529s and what the states can
do to help and leverage their niche audience.
Moderator: Raquel T. Granahan, Senior Vice
President, , OppenheimerFunds, Inc.
Speakers:
Steve
Cutka, VP, Operations Relationship Manager, American Funds
Scott
Gates, General Counsel & Director, Kansas Learning Quest
Program
Lisa Klassen, Mutual Funds Operation, Edward
Jones
Barbara Ray, CPA, Chief Executive Officer,
Managing Member, Vantage Point Advisors, LLC.
Vivian M.
Tsai, CIMA(r) CPWA(r), iShares 529 Product Management,
BlackRock | iShares
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The 529 Regulatory Environment - Operational Guidance and
Transparency
Speakers from the two entities that have
regulatory oversight over Section 529 plans--the Municipal
Securities Rulemaking Board and the U.S. Department of the
Treasury's Office of Tax Policy--will share with us their views
on the current regulatory environment with respect to Section
529 plans. MSRB Senior Associate General Counsel Larry Sandor
will speak on current issues including disclosure issues for
non-account owners and EMMA's use by state issuers. Acting Tax
Policy's role in the Treasury, and how Treasury interacts with
Congress on proposed legislation affecting Section 529. Think
about questions you would like to ask during this unique
opportunity to ask the experts. At the conclusion of the
presentation, Cindy Comer, Chair of CSPN's Legal and Regulatory
Affairs Committee, will provide an overview of the new Guidance
of Governance and Maintenance of Section 529 Plans.
Moderator: Cynthia Comer, Legal Counsel, Virginia
College Savings Plan
Speakers:
Joshua D. Odintz,
Acting Tax Legislative Counsel, U.S. Department of Treasury
(invited)
Lawrence P. Sandor, Senior Associate General
Counsel, Municipal Securities Rulemaking Board
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Engaging Employers in 529 Outreach
This panel will look at what states have done to
successfully engage employers in promoting and facilitating 529
Plans in the workplace. The session will (i) look at recently
enacted legislation in the State of Illinois to provide
employers with a state tax credit for matching contributions to
their employees' 529 Plans; (ii) review the importance of
employer participation and employer "buy in" in order to
increase the presence of 529 Plans at the national level, not
just in the workplace; (iii) describe the issues faced and
successfully overcome by both programs and employers when
offering 529 Plans through the workplace; and (iv) discuss
legislative and policy changes needed to make employers
champions of 529 Plans. The panel will also look at the emerging
role of 529 Plans in workforce retraining.
Moderator:
Jamie Canup, Partner, 529 Counsel, PLC.
Speakers:
Craig Parkin, Director, Institutional Client Services, TIAA-CREF
Jacqueline T. Williams, Director, College Savings
Initiative, New America Foundation
Shirley Yang,
Director, College Savings Programs, Illinois State Treasury
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Outreach and Coalition Building
Learn how to build strong community and school
partnerships through unique events that engage families and
organizations at the grassroots level. See how states and
program managers are working together to expand their
outreach. Take away tools and ideas for how your program can
become involved in these outreach and awareness-building events.
Moderator: Richard Mourdock, Indiana State
Treasurer
Speakers:
Karen Austin, Deputy
Treasurer, Iowa Office of the State
Karen Duddleston,
Nevada Senior Deputy Treasurer
Jodi Golden, Executive
Director, Indiana Education Savings Authority
Thomas
O'Grady, Senior Marketing Manager, The Vanguard Group
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Debt Management
Fiscal Health of the States
The U.S. economy appears to be on the rebound, but states
continue to feel the impact of the recession. To begin the
conference, this session will offer an analysis of current
economic indicators and predictions for what public officials
should expect in the coming months. It will also address state
budget trends, including ways that the states have dealt with
shortfalls. Federal stimulus aid has been an important infusion
of funds in the current fiscal year and as this source of relief
begins to phase out, many states are working to close gaps for
next year. Successfully balancing budgets is important to
maintaining good credit ratings and, by extension, access to
affordable capital.
Moderator:
Hon. Manju
Ganeriwala, Virginia State Treasurer
Speakers:
David Wyss,
Chief Economist, Standard & Poor’s
Brian Sigritz,
Director of State Fiscal Studies, National Association of State
Budget Officers
Nick Samuels, Vice President, Senior
Analyst, Moody's Investors Service
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Legislative and Regulatory Update:
New Programs and Their Prospects for Beyond 2010
New municipal bond programs enacted in 2009 gave states a
variety of new financing tools, but these programs, including
Build America Bonds, need congressional action to extend their
life beyond 2010. This session will offer a review of
legislative developments relevant to state debt issuers. It will
also address regulatory changes and ongoing efforts to reform
the financial markets.
Moderator:
Hon. Richard Ellis, Utah State
Treasurer
Speakers:
Peter Clarke, JP Morgan Securities
and Chair, Municipal Securities Rulemaking Board
Bradley
D. Patterson, Partner, Ballard Spahr LLP
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QSCBs & CREBs: An Overview of
Federal Tax Credit Programs and their Potential for Municipal
Issuers
Qualified School Construction Bonds (QSCBs) and
Clean Renewable Energy Bonds (CREBs) are among the many types of
municipal bonds that have been created or revitalized through
the American Recovery and Reinvestment Act. These programs are
intended to enhance the development and expansion of primary
education and renewable energy infrastructure through the
provision of tax credits. These programs, like other ARRA
programs, have significant potential benefits for municipal bond
issuers. Issuers must, however, plan for, structure, and
administer these programs properly in order to garner the full
measure of their benefits. Furthermore, these programs continue
to evolve and the attendant rules continue to be modified to
improve their efficiency and marketability. Understanding the
complexities and nuances of these programs will be important for
municipal governments in 2010 and beyond.
Moderator:
Patti Konrad, Director of Debt Management, Maryland State
Treasury
Speakers:
Ruth Pan, Public Sector and Infrastructure Banking, Goldman, Sachs & Co.
Greg Stype, Partner, Squire, Sanders & Dempsey LLC
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Swaps and Counterparties: The Changing Face of
Counterparties and Implications to Derivative Products
The collapse and contraction of financial institutions
over the last several years has had various implications in the
areas of derivative products and swaps. Some issuers have seen
their counterparties on these agreements become insolvent with
little to no financial recourse, while others have watched as
credit deterioration and downgrades on both sides of these
agreements (issuer and counterparty) have required the posting
of collateral or other financial remedies. Additionally, the
current low interest rate environment has made the potential
termination of many outstanding swap agreements extremely costly
for issuers, while at the same time problems in the variable
rate debt markets have caused issuers to seek termination of the
very same swap agreements. The market movements and
transformations within this space require an extraordinary
amount of added diligence and general knowledge on the part of
issuers to properly monitor their positions and steer their way
through the hazards and financial implications wrought in the
past year.
Moderator:
Hon. W. Daniel Ebersole,
Georgia State Treasurer
Speakers:
Michael Ablowich,
Managing Director, Public Resources Advisory Group
Kevin
Schwartz, Executive Director, Morgan Stanley
Alfred
Mukunya, Senior Managing Consultant, Public Financial
Management
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Disclosure Best Practices
The SEC and others have called for repeal of the Tower
Amendment, which would allow the SEC to directly regulate
disclosure of municipal debt issuers. Join a discussion about
the timing and types of information institutional investors and
rating agencies are looking for from issuers. In addition, the
session will address what legal precautions investors should
take to avoid any anti-fraud issues concerning the information
provided in the public domain.
Moderator:
Evie
Whitley, Director of Debt Management, Virginia State
Treasury
Speakers:
Chris Fornal, Director, BlackRock
James C. Burr,
Partner, Chapman & Cutler, LLP
Jenny Poree, Senior
Vice President, Montague, DeRose & Associates
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Underwriters: Impacts of Contraction &
Regionalization
The past 18 months have seen a
complete reshuffling and reorganization of the capital markets
landscape: 100+ year old institutions have collapsed, or have
been absorbed by longstanding competitors; some underwriters
have become increasingly reluctant to use their capital in
support of debt transactions; and new players have emerged while
old players have taken on different roles in the markets. All of
these factors have had a significant impact on municipal bond
issuers, both large and small. This session will explore both
the current landscape of underwriters and consider how this new
world will impact municipal issuers.
Moderator:
Bryan Archer, Director of Debt Management, West Virginia
State Treasury
Speakers:
Darci Doneff,
Managing Director, Piper Jaffray
Brendan Troy, Director, BoA Merrill Lynch Municipal
Underwriting
John Young, Samuel A. Ramirez & Co.
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Liquidity: Current Market Impacts on the Variable
Rate Debt Market
The contraction of available bank capital has impacted the
entire financial community, particularly the variable rate debt
market. This session will address factors that are important in
analyzing decisions regarding the issuance or modification of
variable rate debt. Learn about the current state of the
liquidity market, innovative ideas for providing liquidity and
what are the credit concerns analyzed by the rating agencies.
Moderator:
Kathy Kardell, Assistant
Commissioner, Minnesota Management & Budget
Speakers:
Gabriel J. Petek, Director, Standard
& Poor’s
Tim A. Self, Executive Director, JPMorgan
Arthur Spector, Managing Director, Jefferies & Company
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Escrow Structures and GICs: Innovative Solutions to
Improve New Money & Refunding Economics
The structuring of escrows using Open Market Securities (versus
SLGS), call date optimization, and competitive bidding of
defeasance portfolios enhance the economic benefits of
refundings. Providers of Structured Investment Products for new
money project funds and reserve funds have left the business
and/or seen their ratings deteriorate, even while historically
low short-term interest rates have eliminated much of the
advantage of these types of investments. Increase your
understanding of these market dynamics and the attendant changes
to the legal structures of these contracts in order to optimize
the benefit of new money and refunding bond issuances.
Moderator:
Hon. Nancy Kopp, Maryland State
Treasurer
Speakers:
Michael Harris, Managing Director,
Public Financial Management
B. Darrell Smelcer, Tax
Law Specialist, Internal
Revenue Service, Office of Tax Exempt Bonds
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Build America Bonds: Structure,
Pricing, and Mechanics of BAB Issuance
Last year may come
to be known as the year of the BAB. The success of this program
can be measured by the large par amount of BABs issued in 2009
and the interest savings realized by BABs issuers. Furthermore,
as the BAB market developed and matured throughout 2009, the
investor base for these bonds has become increasingly
comfortable with more traditional tax‐exempt structures and
sales methods. In order to take full advantage of BABs, issuers
must be aware of the various intricacies related to BAB
structures, pricing and mechanics, and where, when, and how to
employ the different features that are now widely accepted by
the market.
Moderator:
Jake Wozniak,
Director, Office of Debt Management, Ohio State Treasury
Speakers:
Scott
Minerd, Chief Investment Officer, Guggenheim Partners,
LLC
Marlin L. Mosby, Managing
Director,
Public Financial Management
Thomas P. Rasmussen,
Managing Director and Co-head of Municipal Institutional Sales, Citi
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Financial Literacy
Keys to Developing a Financial Literacy Program for
Your State
This two-session introduction to the track is a guide to
developing financial literacy programs to serve your state. In
the first session, learn about critical elements of a financial
literacy program and ways to implement those elements in a
coherent and effective strategy. In the second session, explore
what you do when you have a successful and well-known program,
the needs keep growing and changing and resources are
dwindling. These sessions are designed to include open forum
problem-solving discussions.
Moderators:
Hon. Kelly Schmidt, Chair, NAST
Foundation & North Dakota State Treasurer
Hon. Kevin Boyce,
Chair, NAST Financial Literacy Committee & Ohio State Treasurer
Speakers:
Kevin Smith, Director of Financial
Education, Illinois State Treasury
Derwin Dubose,
Director of Financial Education, North Carolina State Treasury
Hon. Jeb Spaulding, Vermont State Treasurer
Robin
Kelly, Chief of Staff, Illinois State Treasury
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Enacting a Financial
Education Requirement for Children or Youth in Your
State--What’s Next and What Else is on the Leadership Agenda?
More states are passing specific but different requirements for
financial education in schools to help prepare children and
youth for life-long successful financial decision making. This
session continues the theme, Perspectives and Case Studies on
State Treasury involvement in financial education requirements
and making the most of classroom financial educational
partnership programs to serve the needs of kids and youth in
your state.
Moderator: Hon. Kevin Boyce, Chair,
NAST Financial Literacy Committee & Ohio State Treasurer
Speakers:
Hon. John D. Perdue, West Virginia State
Treasurer
Julie Felshaw, Economic and Financial
Education Specialist, Utah State Department of Education
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Snap Judgments:
Perspectives on Using Behavioral Finance and Choice Architecture
to Help Your State Residents Avoid Making Big Mistakes with
their Money
Behavioral finance is a new area of study
that explores the understanding of how fundamentals of human
psychology such as emotion, bias and confidence affect the way
people make decisions about their money. Learn about the
mechanics of decision making in money management to escape
making “snap judgments” and how to use behavioral finance to
increase savings and understand new insights on how elders
manage money and make financial decisions.
Speaker:
David E. Adler, author of "Snap Judgment: When to Trust Your
Instincts, When to Ignore Them, and How to Avoid Making Big
Mistakes with Your Money" and producer of the forthcoming PBS
NOVA documentary on behavioral finance
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‘Now What?’ When
Statewide Financial Education for All Becomes a Priority and the
State Treasurer is Asked to Organize and Lead the Coalition of
Resources
This case study examines the process by
which the Utah Council on Financial and Economic Education was
established. The 18-month process included participation by
individuals leading more than 50 different public and private
entities. The session will address questions including: How did
the State Treasurer address the start-up challenges and
leadership issues? What competitive issues among organizations
existed? What resource issues developed?
Moderator:
Hon. Richard Ellis, Utah State Treasurer
Speakers:
Preston L. Cochrane, President and CEO, Certified
Personal Finance Counselor, AAA Fair Credit Foundation
Bill Crim, Vice President of Community Impact and Public
Policy, United Way of Salt Lake
John Youngren, Vice
President, Strategic Communications, Love Communications
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‘We Don’t Have the
Resources to Reinvent the Wheel’--Determining Priority Needs
in Your State and Resources Available to Meet Them
There
are good partnership resources available to help State
Treasuries understand priority financial literacy and education
needs--and help address them. For example, the FINRA
Foundation’s National Financial Capability Survey, developed in
consultation with the US Department of the Treasury and the
President’s Advisory Council on Financial Literacy and issued in
December 2009, measures the financial capabilities of American
adults and reveals in detail how Americans save, borrow and plan
for their financial futures. The Foundation is issuing
State-by-State based surveys this year. Learn more about
resources available from national partners like FINRA,
Foundation and National Endowment for Financial Education.
Speaker: Geraldine M. Walsh, Vice President and
Deputy Director, FINRA Investor Education
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The New Financial
Capability and Investor Education Partnership Network
Portal--Your State’s New Tomorrowsmoney Web-based Resource
This session discusses the new Partner Tomorrowsmoney.org
portal that has been completely redesigned, updated in English
and Spanish and enhanced with additional information, websites,
and capabilities. Learn how to use this resource to leverage and
extend your other programs. This session begins the discussion
of ways to meet financial literacy needs of particular
communities or target audiences and will also include an open
discussion on next steps for this initiative and financial
literacy education, outreach and marketing needs that can be met
through the network of monthly calls and e-newsletters.
Speakers:
Hon. Kelly Schmidt, Chair, NAST
Foundation & North Dakota State Treasurer
Kathryn Edmundson,
SIFMA Foundation for Investor Education
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Roundtable: Meeting
the Needs of Priority and Targeted Audiences--Women as Family
Financial Decision-makers, Immigrants, Seniors and Military
Families
State Treasurers and staff will share their
perspectives and programs to meet the needs of specially
targeted groups.
Speakers:
Geraldine M. Walsh,
Vice President and Deputy Director, FINRA Investor Education
Arturo Busto Herrejon, Director General de Administracion
Financiera, Secretaria de Finanzas del Gobierno del Distrito
Federal, Mexico City
Members of the NAST/NAST
Foundation/SIFMA Foundation Partnership Network
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Unclaimed Property
NAUPA Business Meeting
Missing Money Status Report: Jeremy Katz, ACS Finance and
Revenue Solutions, A Xerox Company
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Legislative and Legal Overview of
the Unclaimed Property Year
The status of current
trends in state legislative activity will be provided and legal
challenges to unclaimed property program rules and statutes will
be reviewed. Moderator: Hon. Dawn Marie Sass,
Wisconsin State Treasurer
Speaker:
Lynden Lyman,
Senior Advisor, ACS Finance and Revenue Solutions, A Xerox
Company
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eGovernment for Benefits Payments
and SDU’s
In the current economic environment the
criticality of expedited delivery of benefits to the intended
recipient has become one of the key elements in supporting
individuals and families. Unemployment levels continue to
rise. Costs associated with the administration of the program
must be carefully controlled to maximize efficiencies and
economies of scale. The movement from paper to electronic
methods for disbursing benefits has leapt to an all-time high.
This interactive, informative session focuses on key programs
including unemployment insurance, child support, child care,
welfare and how State’s can help reduce administrative costs
associated with paper programs, while increasing productivity,
security and reducing fraud.
Speakers:
Hon.
Shane Osborn, Nebraska State Treasurer
Laura Secondo,
SVP, Senior Program Director Strategic Sales, Bank of America
Merrill Lynch
Nizam Antoo, Senior Business Leader,
Corporate Incentive/Government, Visa
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A Case Study in Extreme Owner
Outreach
Learn how Texas Comptroller of Public
Accounts Susan Combs used innovative methods to completely
reorganize the unclaimed property program in less than one year
with dramatic results. Initiatives included dedicating two
grass-roots outreach staff members, conducting unclaimed
property town hall meetings, researching and returning over $2
million to cities and counties, and switching to regional
publications that produced 50% more claims worth 57% more
dollars than the year before.
Moderator: Hon. Dawn
Marie Sass, Wisconsin State Treasurer
Speaker:
Anna Presley-Burnham, Project Director, ACS Finance and
Revenue Solutions, A Xerox Company
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The Nuts and Bolts of Online
Auctions
States hold on to items for years that are
found forgotten in safe deposit boxes at financial institutions.
However, if the owner is not found, the state cannot continue to
warehouse the items and turns to online auction sites like eBay
to sell the items and hold the money for the owners instead.
State experts will present the entire online auction process and
its advantage over traditional auctions.
Moderator:
Christopher Pegelow, Deputy State Treasurer, Wisconsin State
Treasury
Speaker:
Ron Giordan, Community
Services Specialist, Wisconsin State Treasury
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Informational Reporting Issues for
Property Types
This session will review informational
return reporting for unclaimed property, including stock
proceeds, dividends, interest, royalties and other property
types.
Moderator: Carolyn Atkinson, Assistant
General Counsel, West Virginia State Treasury
Speaker:
Ken Wagers, Senior Vice President, ACS Finance and
Revenue Solutions, A Xerox Company
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What is Cost Basis Reporting?
On October 3, 2008, Congress enacted the Emergency Economic
Stabilization Act of 2008 that included a measure requiring the
mandatory reporting of cost basis information to both investors
and the IRS. This session will provide an overview and examine
and discuss what this means to the securities industry and
unclaimed property agencies.
Moderator: John
Gabriel, Director of Unclaimed Property, Tennessee State
Treasury
Speakers:
Christa DeOliveira, Chief
Compliance Officer, Venio
Kathryn J. Sevcik, Senior
Vice President and Head of Operations, Wells Fargo Shareowner
Services
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Strategies for Expediting and
Wrapping Up Audits
State and private sector experts
will share strategies and best practices for encouraging
companies that have been resistant to comply with unclaimed
property laws and reporting requests to comply. Dialogue will
center on developing viable options for solutions for states to
consider.
Moderator: Mark Udinski, Director,
Delaware Division of Revenue
Speaker: Samuel LaRosa,
Partner, Kelmar Associates, LLC
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The Automation of Claims
Processing
Learn how one state went from paying
claims in 90 days to two weeks. Methods will be presented for
paperless processing and conducting searches before evidence
requests, while remaining transparent to the owner. The process
will be examined in detail that automatically evaluates a claim
to determine if it can be approved and paid without requiring
manual evaluation while still meeting pre-determined matching
thresholds.
Moderator: Hon. Dawn Marie Sass,
Wisconsin State Treasurer
Speaker: Kristi Carlow,
Director of Internal Operations, Maine State Treasury
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Electronic Payment Systems: Issues
for State Unclaimed Property Programs
As the
disbursement of funds shifts increasingly from checks to other
payment mediums, both states and holders face questions
concerning the interpretation and application of the unclaimed
property law to such transactions. This session will cover why
understanding this is crucial for the states and all other
aspects of the issues involved, including the CARD Act of 2009,
and regulatory role of the Federal Reserve. Discussions will
cover special issues arising with respect to unclaimed wages,
rebates, and gift cards.
Moderator: Carolyn
Atkinson, Assistant General Counsel, West Virginia State
Treasury
Speaker:
Lynden Lyman, Senior Advisor,
ACS Finance and Revenue Solutions, A Xerox Company
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Open Forum – Part 1
The
roundtable format will be a great informal networking
opportunity and promote discussion of challenges, opportunities
and solutions on a variety of topics chosen by conference
participants.
Moderator: John Gabriel, Director
of Unclaimed Property, Tennessee State Treasury |
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