The Oregon State Treasury is a highly sophisticated organization with a wide range of financial responsibilities, including managing the investment of state funds, issuing all state bonds, serving as the central bank for state agencies, and administering the Oregon 529 College Savings Network. The Treasury is managed like a business, striving to save taxpayers money and earn the highest possible return on investments.
Debt Management Division
The Debt Management Division provides central coordination for all state-issued debt, including over $6 billion in general obligation and revenue bonds and certificates of participation. The division monitors local and national bond markets, as well as financial and economic trends that impact bond issuance structures and interest rates.
The Executive Division coordinates policy development, strategic planning, legislative initiatives, communications, internal auditing functions, human resource functions, and the publication of all Treasury financial reports. The State Treasurer serves by constitutional authority on the State Land Board and by statute on a number of public financial boards and commissions.
The Finance Division provides cash management and investment operational support services to all Oregon state agencies and hundreds of Oregon local government entities, including cities, counties, schools and special districts. The division also administers public funds collateralization requirements governed by ORS Chapter 295. The division manages over 18.5 million financial transactions annually - including cash deposits, electronic fund transfers and check issuances - with over $166.5 billion flowing in and out of the division each year.
Information Services Division
The Information Services Division is the information technology (IT) management center for Treasury. The division designs, develops and maintains the technology infrastructure that supports Treasury's business operations. The division provides the network, applications, telecommunications, and IT services to conduct business between Treasury, state agencies, local governments, banks, and other financial firms.
The Investment Division manages on behalf of Oregonians a portfolio with a market value of The Investment Division manages on behalf of Oregonians a portfolio with a market value of nearly $90 billion. The division manages the Oregon Public Employees Retirement Fund (OPERF), the State Accident Insurance Fund (SAIF), the Oregon Short Term Fund (OSTF), the Common School Fund, and several state agency fixed income portfolios. With assets of $70 billion, OPERF was recently ranked the 20th largest pension fund in the U.S.
Oregon 529 Savings Network
This network provides a variety of savings plans to help make college education affordable for all families and also the Oregon ABLE Savings Plan, which helps Oregonians with disabilities to save. These plans provide significant state and federal tax advantages and substantial flexibility. The network is administered by a public board chaired by the State Treasurer.