Online CD auctions surpass $1 billion in deposits - Beckley, Bluefield & Lewisburg News, Weather, Sports

Online CD auctions surpass $1 billion in deposits

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  • Woman suffers minor injuries after car rolls on I-77 in Raleigh County

    Woman suffers minor injuries after car rolls on I-77 in Raleigh County

    Wednesday, July 30 2014 8:54 PM EDT2014-07-31 00:54:47 GMT
    Car rolled multiple times on I-77 North in Raleigh County.Car rolled multiple times on I-77 North in Raleigh County.
    In Raleigh County, a woman is miraculously not seriously injured, after her car rolls over on I-77 around 6:30 Wednesday night.An eyewitness tells us the woman was driving in the left lane on the northbound side. She suddenly veered off the road, over corrected,then slammed into the side of a tractor trailer. The car rolled multiple times before coming to a stop on it's roof.The witness says two small dogs ran out of the car. Moments later, the woman crawled out and ran after one of the dogs....
    In Raleigh County, a woman is miraculously not seriously injured, after her car rolls over on I-77 around 6:30 Wednesday night.An eyewitness tells us the woman was driving in the left lane on the northbound side. She suddenly veered off the road, over corrected,then slammed into the side of a tractor trailer. The car rolled multiple times before coming to a stop on it's roof.The witness says two small dogs ran out of the car. Moments later, the woman crawled out and ran after one of the dogs....
  • Flag cut down at Raleigh County Public Library in Beckley

    Flag cut down at Raleigh County Public Library in Beckley

    Wednesday, July 30 2014 8:46 PM EDT2014-07-31 00:46:27 GMT
     The incident happened at midnight between Sunday, July 27 and Monday, July 28. Officials with the library said that a person stood outside the library a made sure that no one was inside at the time.
     The incident happened at midnight between Sunday, July 27 and Monday, July 28. Officials with the library said that a person stood outside the library a made sure that no one was inside at the time.
  • Virginia shoppers can save big bucks on Back-to-School items during Tax-Free Weekend

    Virginia shoppers can save big bucks on Back-to-School items during Tax-Free Weekend

    Wednesday, July 30 2014 6:58 PM EDT2014-07-30 22:58:59 GMT
    Believe it or not, some students in our area are going back to school next week. For parents struggling to buy school supplies, Virginia is offering a tax-free holiday. 
    Believe it or not, some students in our area are going back to school next week. For parents struggling to buy school supplies, Virginia is offering a tax-free holiday. 

CHARLESTON (AP) — The West Virginia Board of Treasury Investments says it has deposited more than $1 billion with banks across the state since the start of its online certificates of deposit auction program in 2006.

The BTI says three more banks successfully bid on funds Wednesday. It says the program has resulted in $1.4 million in greater interest return than if the funds were not put up for bid.

State Treasurer John Perdue, who also serves as chairman of BTI, says that passing the $1 billion milestone is a source of pride. He says the program is providing lending capital to small and large banks in hopes of stimulating economic growth.

The West Virginia Legislature created the BTI in 2005 to oversee and manage the state's Consolidated Fund.

 

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