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For decades, many treasuries’ top priority was to sweep every available dollar out of a no-interest bank account into an interest-bearing investment or apply it to a line-of-credit balance. Now some of the most alert treasuries are reversing that pattern and taking pride in the money they leave in bank accounts. It’s a dramatic change of direction, but recent dramatic events could make so-called “idle balances” actually the most rewarding use of cash.

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