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We are living in uncertain times. But one thing certain is that the California State Treasurer’s office will carry out our vital role as the state’s banker, and do so in a way that protects staff and the public.

We will keep managing the approximate $2.5 trillion in yearly banking transactions, continue selling bonds and managing bond debt, and carry on managing our investment portfolio of $193.3 billion. 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.

I will also continue to share useful information, including resource lists for small businesses and individuals affected by COVID-19.

As we carry on our work, we are practicing social distancing 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.

I urge everyone else to do the same. Working together and following safety guidelines is our best hope for saving lives and defeating the pandemic.

In Peace and Friendship,

Treasurer Fiona Ma

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California State Treasurer Fiona Ma

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Welcome to the California State Treasurer’s website for California’s stakeholders.

As California’s Treasurer, I appreciate your continued interest and the commitment to California’s success it demonstrates. Here’s a look at our accomplishments in 2020. 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.

The State Treasurer’s Office (STO) was created in the California Constitution in 1849. The STO manages approximately $2.5 trillion in banking transactions within a typical year and provides transparency and oversight for the government’s investment portfolio and accounts as well as for the state’s surplus funds.

The STO oversees an investment portfolio of more than $193.3 billion, approximately $37.1 billion of which are local government funds. We serve as the agent for the sale of all State bonds and are the trustee on over $100 billion of outstanding debt.

My office manages cash receipts for the state and manages bond issuances. In addition, the STO manages three savings programs helping individuals with disabilities, college, and private-employee retirement.

An integral part of my approach to this office is to be transparent, promote better access to the workings of this office, and build trust with the various stakeholders we interact with daily. I will always welcome your feedback on how we are doing.

By executing these responsibilities for California—the Golden State—my aim is to create tangible benefits for current and future generations of Californians. On behalf of them, I thank you for your interest and continued support.


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Fiona Ma, CPA
State Treasurer

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