Statewide Banking Activity
Fulfilling essential duties as the State's Chief Banking Officer
Overview
The Office of the Illinois Treasurer 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 authorized instruments.
Pursuant to this authority, the Office of the Illinois Treasurer 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 2023, the Office of the Illinois Treasurer processed $246 billion in receipts and $245 billion in expenditures on behalf of the State.
Key Banking Services
- Treasury Operations
- Cash Management Research/Analysis
- Investment Verification
- Clearing
- Time Deposit