Oregon State Treasury
The Oregon State Treasury is the state's
financial services hub and manages an array of responsibilities
including the investment of public funds and trust funds, issuance of all state bonds, financial and banking
services for state agencies, and protection of public fund deposits. The agency
also administers the Oregon 529 Savings Network and Oregon Retirement Savings
Plan. Treasury strives to save taxpayers money and earn strong and sustainable risk-adjusted returns on investments. Treasury seeks to provide the highest value by
improving the financial health of the state and Oregonians -- and by being
an efficient, transparent and accountable organization.
Leading the way for Oregonians to achieve long-term financial security.
To provide financial stewardship for Oregon.
A FULL-SERVICE FINANCIAL ENTERPRISE
The State Treasury is the State of Oregon’s financial hub and is a sophisticated business operation. The office provides a menu of investment, bonding and banking services to serve citizens, public retirees and local governments including schools, cities and counties.
All of the functions of the State Treasury are designed to serve clients and the public, and those systems are constantly re-evaluated to ensure that services are rendered in an efficient and cost-effective way.
The entire budget for the Oregon State Treasury is derived from payments for the low-cost services it provides, which saves Oregonians money
OREGONIANS — The office provides direct benefits to those that rely on state trust funds including
injured workers, schoolchildren and beneficiaries of the Oregon Public
Employees Retirement Fund, via strong risk-adjusted investment performance. The
office also serves every Oregonian by generating investment income for Oregon
for public entities, and by protecting bank accounts belonging to schools and
other public institutions.The Treasurer’s office helps individual Oregonians invest
in themselves through the Oregon Savings Network, which provides
defined contribution plans for higher education and job training,
disability-related costs (ABLE) and retirement (OregonSaves), and by promoting financial education, outreach efforts and the
Guard Your Money program. Members of the public also benefit from a cost-effective
bonding program that protects Oregon’s credit ratings and keeps borrowing costs
low, from infrastructure that is financed by public debt, and citizens also can
Buy Oregon Bonds as an investment.
STATE AGENCIES — The Treasury is the state’s banking clearinghouse, and all Oregon state government agencies are Treasury
customers. They receive cash management and debt management services, including
check processing, electronic banking, deposits, bonding assistance and
investment of cash in the $19 billion Oregon Short Term Fund.
LOCAL GOVERNMENTS — All Oregon local government agencies can use the
Treasury for their banking needs and to invest in the Oregon Short Term Fund.
So that local governments can deposit funds in local banks, the Treasurer’s
office protects the assets of public institutions from the risk of bank
failures through the collateralization program.
Through that program, all banks holding public deposits have to help pay back
public institutions to prevent losses in the event of a bank failure.
Governments also benefit from the management of the Oregon Public Employees
Retirement Fund, as strong investment performance reduces the required
contribution from public entities to pay for contractually required benefits. More
than 73 cents of every dollar in pension benefits comes from investment returns.The
Municipal Debt Advisory Commission helps to ensure the orderly sale of public bonds
for all Oregon governments.
OREGON COMMUNITIES AND NONPROFITS — The Treasury helps secure low-cost financing for
important community and nonprofit-financed projects and makes capital available to
Oregon banks, which can turn around an lend that money in their communities.
The State Treasurer’s office also helps communities across Oregon save money by
coordinating low-cost loans for building schools, roads, and other critical
SMALL BUSINESSES — The State Treasurer’s office promotes healthy
economic growth by providing access to low-cost capital via the Time
Certificate of Deposit program in the Oregon Short Term Fund. Oregon small
businesses also benefit from OregonSaves, which allows them to facilitate a
retirement savings option with no fees or legal or fiduciary risk.