STATE TREASURER'S OFFICE - 7330

The State Treasurer is an elected state fiscal officer and sits on approximately forty boards and commissions. The State Treasurer’s Office (STO) provides banking services for state government with a minimum interest and service cost and a maximum yield on investments. The STO does the following:

• Safeguards money, securities, and personal property belonging to or held in trust by the state.
• Oversees all banking aspects of the state Centralized Treasury System (CTS).
• Ensures the investment of temporarily idle state money.
• Handles the sale of bonds and notes for the state and its various agencies/departments.
• Acts as trustee, registrar, and paying agent for all general obligation bonds and certain revenue bonds.
• Redeems warrants (including state agency checks) issued by the State Controller’s Office and agencies/departments.
• Manages the state’s Pooled Money Investment Account, Time Deposit Program, and Local Agency Investment Fund.