Illinois State Treasurer’s Office News Releases

SPRINGFIELD — A shift in investment strategy that embraced longer-term investments and higher yields allowed the state to more than double its investment income to $26 million in the first quarter of this year, Illinois State Treasurer Michael Frerichs said today. The shift is possible after an analysis showed that core investment strategies could be more aggressive and still follow the office’s primary objective to ensure the safety of principal. “We had too many overnight investments that precluded us from earning higher rates,” Frerichs said. “We examined how money flows…

SPRINGFIELD — Illinois Treasurer Michael Frerichs today announced a partnership with Econ Illinois to help improve financial literacy among Illinois students. The announcement was made during Money Smart Week at the Federal Reserve Bank in Chicago. “We are excited to partner with Econ Illinois to promote Illinois’ new financial education standards and help ensure students learn how to make smart financial choices at a young age,” Frerichs said. “As Illinois faces unprecedented fiscal challenges, it’s even more important than ever that our children are exposed to successful ways to manage…