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 |
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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.