
Treasurer Frerichs Makes $130 Million In Investment Earnings for State Portfolio During September
The State Treasurer’s Office made more than $130 million in investment earnings from the state investment portfolio in September , Illinois Treasurer Michael Frerichs announced today. Treasurer Frerichs is the state’s Chief Investment and Banking Officer. He is responsible for investing revenue in the state investment portfolio. During 2024, Frerichs’ Office has earned nearly $1.19 billion for the state portfolio. “We have made common-sense reforms to increase how much we earn in investment returns for our state,” Frerichs said. “Every dollar we earn in interest is a dollar that lawmakers…

