Welcome to the California State Treasurer’s Office!

As State Treasurer, I have the honor of managing California’s finances to provide funding and support for important projects that make a real difference in people’s lives. This includes schools, roads, housing, public health facilities, sustainable infrastructure, clean energy initiatives, small businesses and programs that uplift our underserved communities. Together, we’re building a stronger, more vibrant state.

The California State Treasurer’s Office (STO) has a proud legacy dating back to its creation in 1849 as part of the California Constitution. Established during California’s earliest days as a state, the STO was designed to serve as the steward of public funds, ensuring the financial stability and growth of our Golden State. Over the past 175 years, the office has evolved to meet the changing needs of a growing and dynamic population, while remaining committed to transparency, accountability, and efficient financial management.

As the state’s banker, my office acts as the agent for the sale of all State of California bond sales and manages its existing debt portfolio. The STO also manages cash flow and transactions for state government operations and invests idle funds to maximize state and local government resources.

In 2024, the STO served as agent for sale on $20.6 billion of bonds on behalf of the state, state agencies and state financing authorities, managed trillions in banking transactions, and managed an investment portfolio that finished the year with $155.4 billion in assets.

The state treasurer also serves as the chair of 17 boards, commissions, and authorities. Many of these entities help finance critical housing, environmental concerns, health facilities, and education facilities projects, while others help individuals and families save for a better, brighter future.

Transparency is a cornerstone of my approach to this office. I am committed to providing Californians with accessible and user-friendly ways to learn about and engage with the STO’s work. By fostering openness and accountability, I aim to build trust with the many diverse stakeholders we serve every day.,

My ultimate goal is to create a fiscal environment that allows current and future generations of Californians to prosper and grow. Thank you for your interest in the State Treasurer’s Office and your continued support of our mission to work together to ensure a brighter future for all who call the Golden State home.

In Peace and Friendship,

Fiona Ma, CPA
State Treasurer