Doing Business with the Treasurer
Overview
Treasurer Frerichs is the state’s Chief Investment Officer and Banking Officer. The Office of the Illinois Treasurer oversees an investment portfolio totaling approximately $50 billion (as of September 2021) and processes $356 billion in banking transactions annually.
On the investment front, the Illinois Treasurer oversees several programs, including: (1) State Investments, (2) 529 College Savings Program, (3) The Illinois Funds, (4) The Illinois Growth & Innovation Fund, (5) Secure Choice Retirement Savings Program, and (6) Illinois Achieving a Better Life Experience (ABLE) Program.
On the banking front, the Office of the Illinois Treasurer is responsible for managing the State’s multiple banking functions and financial services, including treasury operations, cash management, investment verification, clearing functions, and time deposits.
Investment Data
The Vault is your source for Illinois State Treasurer financial and investment information. Explore data and information about investment programs, financial services, and business activities led by Illinois State Treasurer Michael Frerichs. The Vault helps make government more transparent and gives the public easy access to the work being done to support communities, strengthen opportunity, and help make Illinois a great place to live, work, and raise a family. Visit The Vault for more information.
Services and Products
The Office of the Illinois Treasurer seeks a variety of financial services and products from external partners, including, but not limited to:
Broker/Dealer Services
| Treasuries | Supranational |
| 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 | – |
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 Office of the Illinois Treasurer 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 Office of the Illinois Treasurer 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 Investments@illinoistreasurer.gov.
For questions pertaining to banking products and services, please email BankingWebsite@illinoistreasurer.gov.