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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 Treassurer 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, which entails treasury operations, cash management services, investment verification, clearing functions, and time deposits.
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:
| Treasuries | Supranationals |
| 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 | – |
| 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 |














