Approved Debt Securities Issuers

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The Treasurer's Office actively maintains a list of approved debt securities issuers that are authorized and suitable for investments. These entities are reviewed on a regular basis for continuing creditworthiness and eligibility pursuant to requirements under state statutes and agency policies. The list includes a variety of securities issuers, dealers and funds, including:


In line with the Treasurer's commitment to community development and accountability, it is important to note that all securities issuers listed below that have a Community Reinvestment Act (CRA) rating (i.e. banks and financial institutions) maintain a rating of "outstanding" or "satisfactory" (as of November 1, 2019).


Attention Broker/Dealers: For a detailed list of approved counterparty programs which includes ratings, restrictions, tickers and cusips, click here


Commercial Paper Issuers

3M Co.


AllianceBernstein LP

Alphabet Inc. Inc.

American Express Co.

Apple Inc.

Archer-Daniels-Midland Co.

Automatic Data Processing Inc.

Baker Hughes Co.


Bristol-Myers Squibb Co.

Caterpillar Inc.

Chevron Corp.

Cisco Systems Inc.

Citigroup Inc.

Colgate-Palmolive Co.

Danaher Corp.

Deere & Co.

Eli Lilly & Co.

Exxon Mobil Corp.

GlaxoSmithKline PLC

Honeywell International Inc.


IBM Corp.

Illinois Tool Works Inc.

ING Group

Intel Corp.

Johnson & Johnson

JPMorgan Chase & Co.

Merck & Co. Inc.

MetLife Inc.

Microsoft Corp.

MUFG Americas Holdings Corp.

Nestle SA

NextEra Energy Inc.

Novartis AG


PepsiCo Inc.

Pfizer Inc.

Praxair Inc.

Prudential Financial Inc.

Roche Group

Siemens AG

TD Bank Group 

The Bank of New York Mellon Corp.

The Boeing Co.

The Coca-Cola Co.

The Depository Trust & Clearing Corp.

The Hershey Co.

The Home Depot Inc.

The PNC Financial Services Group Inc.

The Proctor & Gamble Co.

The Walt Disney Co.

United Parcel Service Inc.

UnitedHealth Group Inc.

US Bancorp


Corporate Bond Issuers

3M Co.

Alphabet Inc. Inc.

Apple Inc.

Archer-Daniels-Midland Co.

Automatic Data Processing Inc.

Bank of America Corp.

Bristol-Myers Squibb Co.

Caterpillar Inc.

Chevron Corp.

Cisco Systems Inc.

Citigroup inc.

Colgate-Palmolive Co.

Eli Lilly & Co.

Exxon Mobil Corp.

Honeywell International Inc.

Illinois Tools Works Inc.

Intel Corp.

Johnson & Johnson

JPMorgan Chase & Co.

Merck & Co. Inc.

Microsoft Corp.


PepsiCo Inc.

Pfizer Inc.

Roche Group

The Bank of New York Mellon Corp.

The Home Depot Inc.

The PNC Financial Services Group Inc.

The Procter & Gamble Co.

The Walt Disney Co.

UnitedHealth Group Inc.

United Parcel Service Inc.

US Bancorp


Repo Dealers

Bank of Montreal

BMO Capital Markets Corp.

Bank of Nova Scotia

Barclays Capital Inc.

Citigroup Global Markets Inc.

HSBC Securities USA Inc.

JPMorgan Securities LLC

Merrill Lynch, Pierce, Fenner & Smith

Mizuho Securities USA Inc.

Northern Trust Corp.

SunTrust Bank


Agencies and Treasuries

Federal Agricultural Mortgage Corp.

Federal Farm Credit Banks Funding Corp.

Federal Home Loan Banks

Federal Home Loan Mortgage Corp.

Federal National Mortgage Association

Tennessee Valley Authority

U.S. Small Business Administration

U.S. Treasury


Supranational Issuers

African Development Bank Group

International Bank for Reconstruction and Development

International Finance Corporation

Inter-American Development Bank


Money Market Funds

DWS ESG Liquidity Fund

Federated Institutional Prime Obligations Fund

Federated U.S. Treasury Cash Reserves

Goldman Sachs Financial Square Funds

Invesco Short-Term Investments Trust

JPMorgan Prime Money Market Fund

Morgan Stanley Institutional Liquidity Funds

Northern Institutional Funds

Western Asset Institutional Government Reserves


Taxable Municipal Securities

Athens Community Unit School District 213

Bolingbrook Park District

Calumet City School District 155

Chicago Housing Authority

City of Collinsville

City of Evanston

City of Rock Falls

City of Rockford

County of Winnebago

Forest Preserve District of Kane County

Geneseo Community Unit School District 228

Homer Community Consolidated School District 33C

Joliet Junior College Community College District 525

Lewis and Clark Community College District 536

Maercker School District 60

Maine Township High School District 207

Minooka Community Consolidated School District 201

Moraine Valley Community College District 524

North Palos Elementary School District 117

Naperville Park District

Peotone Community Unit School District 207U

Plainfield Community Consolidated School District 202

Roselle School District 12

Roxana Community Unit School District 1

Sparta Community Unit School District 140

Sycamore Community Unit School District 427

Troy Community Consolidated School District 30-C

Urbana School District 116

Village of Addison

Village of Bedford Park

Village of Northbrook

Village of Oak Park

Village of Orland Park

Village of Palatine

Village of Rosemont

Village of Skokie

Village of South Holland

Warren Township High School District 121

Wauconda Community Unit School District 118

West Aurora School District 129

West Northfield School District 31

Woodland Community Consolidated School District 50



Disclaimer: The Office of the Illinois State Treasurer does not endorse or recommend any companies, products, or services. Therefore, this list does not constitute or imply an endorsement or recommendation. This list is being provided solely for informational purposes. This list is subject to change without notice, and the companies on it are not guaranteed to remain as approved counterparties. Being an approved debt securities issuer does not imply or promise that a company will receive work from the Office of the Illinois State Treasurer.