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  • California issues final IOU

    Aug 13th, 2009 - bizjournals

    The state of California issued its last “registered warrant” or IOU on Thursday. The IOU, for $41.60, went to Yellow Cab of Sacramento. California, which issued warrants totalling $2,601,894,756.26 between July 2 and Sept...

  • BofA, Wells Fargo will take California's IOUs

    Aug 13th, 2009 - Reuters

    SAN FRANCISCO, Sept 2 (Reuters) - Bank of America Corp(BAC.N) and Wells Fargo & Co (WFC.N) said on Wednesday theywill accept IOUs issued by California's state government topreserve its dwindling cash during its budget crisis.

  • BofA, Wells plan to cash IOUs

    Aug 13th, 2009 - bizjournals

    Bank of America and Wells Fargo said Wednesday that they will soon start cashing California IOUs for their customers. Wells (NYSE: WFC) will start cashing IOUs on Sept...

  • California to End IOU Program on Sept. 4

    Aug 13th, 2009 - Wall Street Journal

    NEW YORK -- California will have enough cash to enable the hard-pressed state to stop issuing IOUs on Sept. 4, Controller John Chiang said Thursday. He said current cash-flow projections show the Golden State still needs to borrow $10.

  • California to end IOUs on Sept. 4

    Aug 13th, 2009 - CNNMoney

    NEW YORK (CNNMoney.com) -- California will have enough cash to stop issuing IOUs on Sept. 4, almost one month earlier than expected, the state controller said Thursday...

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