Statewide Banking Activity

Fulfilling essential duties as the State's Chief Banking Officer

Overview

The Treasurer’s Office is responsible for receiving and safekeeping all public monies of the State, ensuring liquidity is available to meet the State’s obligations, and investing all remaining funds in authorized instruments.


Pursuant to this authority, the Treasurer's Office maintains numerous accounts with financial institutions to process deposits for check clearing, lockbox services, ACH transactions, depository and custodial services, and electronic payment transactions on the State’s behalf.


In fiscal year 2018, the Treasurer's Office processed $170 billion in receipts and $170 billion in expenditures on behalf of the State.

Key Banking Services:

  • Treasury Operations – Balancing the Comptroller’s daily deposit of receipts; processing of Federal Funds received by state agencies; processing payments to vendor.

  • Cash Management Research/Analysis – Cash forecasting; analyzing and reporting on the variety of technical aspects of cash management, economic conditions and the U.S. credit and financial markets.

  • Investment Verification – Collection and deposit of all income derived from the investments held in the State Portfolio. Record and account for all investments of the State Portfolio.

  • Clearing – Providing electronic solutions to banking needs of external agencies and internal components; maintaining over 700 general ledger clearing accounts representing over 100 state agencies, boards, and commissions.

  • Time Deposit – Funding, monitoring and maintaining all time deposits placed in Illinois financial institutions by the Office (Linked Deposits and Access to Capital Deposits).





Available Data Reports