Illinois State Treasurer’s Office News Releases
Federal Government Must Allow States To Return Unpaid U.S. Savings Bonds to Owners, Many of Whom are Black or People of Color
CHICAGO — In an effort to help Illinois residents reconnect with more of their missing money and to right a historical wrong against the Black community and other people of color, Illinois State Treasurer Michael Frerichs and Illinois Congressman Danny K. Davis today urged the U.S. Treasury to make it easier for states to facilitate the return of mature U.S. Savings Bonds. Davis (D-IL-07) and Frerichs said federal efforts to allow individual states to treat mature, unpaid U.S. Savings Bonds as missing money do not go far enough because proposed…
Treasurer Frerichs Makes $124.6 Million In Investment Earnings for State Portfolio During March
SPRINGFIELD — The State Treasurer’s Office made nearly $124.6 million in investment earnings from the state investment portfolio in March, Illinois Treasurer Michael Frerichs announced today. Another $91 million in gross investment earnings was earned for cities, villages, school districts, counties and other units of government that take part in the highly rated Illinois Funds local government investment pool operated by the State Treasurer’s Office. “This earned income, rather than tax dollars, can be used to fix roads, repair bridges, purchase school supplies and invest in our local communities,” Frerichs…