Investing on behalf of Illinois
State legislators budget public monies that are collected, but that money is not spent all at once. As such, state agencies, boards and commissions require assistance managing their cash and investing all remaining funds in authorized investment vehicles. That’s where the Treasurer’s Office steps in.
As the state’s Chief Investment Officer and Chief Banking Officer, 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 remaining funds in appropriate instruments that obtain the best risk-adjusted returns.
State Investments, which are invested and managed by the Treasurer's Office, total approximately $12-15 billion.
Safety of Principal
Return on Investment
As of August 31, 2018
Portfolio Assets*: $14,931,420,601
Monthly Earnings: $23,546,881
30-Day Yield: **2.050%
30-Day Effective Yield: 2.069%
Weighted Average Maturity: 346.58
*Portfolio Assets total includes $1,561,201,582.91 invested in The Illinois Funds. Securities Lending collateral invested in repurchase agreements in the amount of $4,545,350,250.22 is not included in the Portfolio Assets total.
**30-Day Yield is the Blended Earnings Allocation Rate
The Treasurer's Office uses industry benchmarks to ensure state dollars are placed in safe and lucrative investments. The Treasurer's goal is to consistently outperform the competition and exceed benchmarks.