Doing Business with the Treasurer

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Overview

Treasurer Frerichs is the state’s Chief Investment Officer and Chief Banking Officer.  The Treasurer’s Office oversees an investment portfolio totaling approximately $28 billion and processes $278 billion in banking transactions annually.

 

On the investment front, the Treasurer’s Office oversees several programs, including:  (1) State Investments, (2) 529 College Savings Program, (3) The Illinois Funds, (4) Technology Development Accounts, (5) Secure Choice Retirement Savings Program, and (6) Illinois Achieving a Better Life Experience (ABLE) Program.

 

On the banking front, the Treasurer’s Office is responsible for managing the State’s multiple banking functions and financial services, which entails treasury operations, cash management services, investment verification, clearing functions, and time deposits.

 

 

 

 

Services and Products

The Treasurer’s Office seeks a variety of financial services and products from external partners, including, but not limited to:

 

Broker/Dealer Services

Treasuries Supranationals
Agencies Commercial Paper
Foreign Bonds  Municipals
Corporate Bonds Repurchase Agreements

 

   

 

 

 

Investment Management Services

Fixed Income Cash & Cash Equivalents
Public Equities Real Estate
Private Equity Venture Capital
Securities Lending -

 

 

 

 

 

Banking Services

Custody and Safekeeping Depository Services
ACH Transactions Lockbox Services
Cash and Check Processing Credit and Debit Card Processing

 

 

 

 

Other Investment Services

Investment Consulting Linked/Time Deposits
Bond Arbitrage Third-Party Research

 

 

 

 

Procurement Opportunities

The Treasurer’s Office contracts with financial institutions to obtain various financial services.  RFPs, RFIs, and invitations to bid are posted on the Treasurer's Procurement page.  To receive automatic email notifications when new procurement opportunities are issued, sign up for the procurement notification system

 

MWVD and Illinois-Based Firms

The Treasurer’s Office is focused on providing business opportunities to firms based in Illinois and firms owned by minorities, women, veterans, and persons with a disability (MWVD).  Please visit the relevant pages for more info:  MWVD Firms and Illinois Firms

 

Questions

For questions pertaining to investment products and services, please email to Investments@illinoistreasurer.gov

 

For questions pertaining to banking products and services, please email BankingWebsite@illinoistreasurer.gov