The STO managed in excess of $3.2 trillion of banking transactions this past fiscal year a significant increase attributable to pandemic-related transactions. The State Treasurer’s Office (STO) was created in the California Constitution in 1849. The Treasurer provides financing for our schools, roads, housing, levees, public health facilities, and other crucial infrastructure projects that better the lives of all Californians. Here’s a look at our accomplishments in 2020. Welcome to the California State Treasurer’s website for California’s stakeholders.Īs California’s Treasurer, I appreciate your continued interest and the commitment to California’s success it demonstrates. Working together and following safety guidelines is our best hope for saving lives and defeating the pandemic. Over these recent months, we have responded by conducting meetings by phone, remaining vigilant about cleaning and washing hands, and following guidelines for telecommuting so our employees and the public remain safe from the deadly COVID-19 virus and its variants. Similarly, the 16 boards, commissions and authorities that I chair will continue to serve the public, hospitals, businesses, and help spur housing and economic development.Īs we carry on our work, we are always conscious that the safety of our employees is crucial to our success.
We will keep managing the approximate $3.2 trillion in banking transactions, continue selling bonds and managing bond debt, and carry on managing the state’s investment portfolio, which has averaged more than $100 billion in assets over the course of my administration.
But one thing certain is that the California State Treasurer’s office will faithfully carry out our vital role as the state’s banker, and do so in a way that protects the public's funds.
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