2023

$86.7 million earned for cities, school districts through Illinois Funds SPRINGFIELD — The State Treasurer’s Office made nearly $118 million in investment earnings from the state investment portfolio in September, Illinois Treasurer Michael Frerichs announced today. Another $86.7 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. “Every dollar we make through smart, safe investing is a dollar that does not need…

Gay Men’s Chorus, Bar Association president, DePaul art professor honored during LGBTQ+ History Month celebration CHICAGO — Illinois State Treasurer Michael Frerichs today hosted a celebration to commemorate LGBTQ+ History Month at the state government building at 555 W. Monroe St. The event was an opportunity to reflect on the great achievements of lesbian, gay, bisexual, transgender, and queer people, and their allies. Frerichs presented awards to leaders in the community, education, legislature, business, labor, and arts. “Today, we took a moment to recognize the contributions of our LGBTQ+ neighbors,”…

Investment Shows Strong Commitment to Israel In Wake of Unprovoked Terrorist Attack SPRINGFIELD — Illinois State Treasurer Michael Frerichs today announced his office will invest an additional $10 million in Israel as a direct response to the unprovoked, murderous attack by the Hamas terrorist organization. “After being absolutely sickened by the ongoing atrocities, we reached out to our Israeli friends and asked what we can do to help,” Frerichs said. “This investment is a direct result of those conversations.” “This investment shows our strong commitment to Israel and its people,”…

His Term Begins January 1, 2024 SPRINGFIELD — Illinois State Treasurer Michael Frerichs has been chosen as the next president of the National Association of State Treasurers, the nation’s foremost authority for responsible state treasury programs and related financial practices, policies and education. Frerichs, who has been serving as NAST senior vice president, was elected president at the organization’s annual business meeting in October. His term as president begins on Jan. 1, 2024. “I’m honored to be chosen by my peers as the next leader of NAST, the leading voice…

CPS CEO, White Sox executive, TV news anchor Recognized for their achievements CHICAGO — Illinois State Treasurer Michael Frerichs today hosted a celebration to commemorate Hispanic Heritage Month, honoring the work of community leaders. The event was an opportunity to reflect on the great achievements of Hispanics and present awards to eight Latino leaders, including a retired White Sox executive, a TV news anchor, the CEO of Chicago Public Schools and the director of a Puerto Rican arts organization. “Today, let us take a moment to recognize the contributions of…